December 24, 2009, Nifty

Nifty made a sharply higher high and a higher low. We hit our stop loss and closed our shorts. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 4933, 4860
Resistances: 5138, 5182

December 24, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low on Wednesday. We will stay long, but move our stop loss up.
Trading strategy: Stay long, move stop loss up to 317
Supports: 300, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a higher high and a higher low. It was also a new all time high for Infy as it moved up sharply yesterday. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2464-76, 2355, 2307
Resistances: 2572, 2556

RIL - RIL made a higher high and a higher low. It moved up sharply yesterday. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1011, 901
Resistances: 1088, 1120

December 23, 2009, Nifty

Nifty made a lower high, and a higher low. We will stick to our short and move our stop loss down to 5064
Trading Strategy: Stay short, move stop loss down to 5064.
Supports: 5052, 4933, 4860
Resistances: 5064, 5138, 5182

December 23, 2009, Single Stock

Sorry for not posting yesterday.
Bharti - Bharti made a higher high and a higher low on Tuesday. We will go long with a stop loss at the recent low.
Trading strategy: Go long with a stop loss at 309
Supports: 300, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a higher low and a lower high. We will move our stop loss down and stay short.
Trading Strategy: Stay short, move stop loss to 2545
Supports: 2464-76, 2355, 2307
Resistances: 2572, 2556

RIL - RIL made a lower high, but a higher low. It was also a doji candle. We will stay short.
Trading Strategy: Stay short, keep stop loss at 1035
Supports: 1011, 901
Resistances: 1088, 1120

December 21, 2009, Nifty

Nifty made a lower high, and a lower low. We will stick to our short and stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 21, 2009, Single Stock

Bharti - Bharti made an inside day. A clear indication of the end of a trend. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/supports breaks or bounces. If 300 is broken, go short with a stop loss at 325.1
Supports: 300, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a lower low and a lower high. Our stop loss was hit and we closed our position. We will go short.
Trading Strategy: Go short with a stop loss at 2572
Supports: 2464-76, 2355, 2307
Resistances: 2572, 2556

RIL - RIL made a lower high and a lower low. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss to 1035
Supports: 1011, 901
Resistances: 1088, 1120

December 18, 2009, Nifty

Nifty made a lower high, but a higher low. It was also a doji candle indicating indecision in the market. We will stick to our short and stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 18, 2009, Single Stock

Bharti - Bharti made a higher high but a lower low. Our stop loss was hit and we closed our position. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/supports breaks or bounces. If 300 is broken, go short with a stop loss at 325.1
Supports: 300, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a higher high and a higher low. We will go long.
Trading Strategy: Go long with a stop loss at 2519
Supports: 2464-76, 2355, 2307
Resistances: 2556

RIL - RIL made a lower high and a lower low. We will stay short.
Trading Strategy: Stay short, with stop loss at 1055
Supports: 1011, 901
Resistances: 1088, 1120

December 17, 2009, Nifty

Nifty made a lower low and a lower high. We will stick to our short and stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 17, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. We hit our stop loss and booked profits. We will go long with a stop loss at the recent high.
Trading strategy: Go long with a stop loss at 313.5
Supports: 313.5, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a lower low, but a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2464-76, 2355, 2307
Resistances: 2556

RIL - RIL made a lower high and a lower low. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 1055
Supports: 1011, 901
Resistances: 1088, 1120

December 16, 2009, Nifty

Nifty made a lower low and a lower high. We will stick to our short and stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 16, 2009, Single Stock

Bharti - Bharti continued to make a lower high and a lower low. We will stay short, but move our stop loss down.
Trading strategy: Stay short, move stop loss to 323.5
Supports: 313.5, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a higher low, but a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2464-76, 2355, 2307
Resistances: 2518

RIL - RIL made a lower high and a lower. We hit our stop loss and closed our position. We will now go short.
Trading Strategy: Go short with a stop loss at 1088
Supports: 1033, 1011, 901
Resistances: 1088, 1120

December 15, 2009, Nifty

Nifty made a lower low and a lower high. We will stick to our short and stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 15, 2009, Single Stock

Bharti - Bharti continued to make a lower high and a lower low. We hit our stop loss and booked our profits. We will go short with a stop loss at a recent high.
Trading strategy: Go short with a stop loss 348.8
Supports: 313.5, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a higher high and a lower low. We hit our stop loss and booked our profits. We will now wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2355, 2307
Resistances: 2464, 2518

RIL - RIL made a lower high and a low. It was also a doji candle. We will stay long.
Trading Strategy: Stay long with a stop loss at 1050.
Supports: 1050, 1011, 901 (New prices)
Resistances: 1120, 1143 (New prices)

December 14, 2009, Nifty

Nifty touched 5182 but could not break above it, and fell back immediately. We will stick to our short and stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 14, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. We will stay long, but move stop loss up.
Trading strategy: Stay long, move stop loss to 329
Supports: 288.2, 274.4
Resistances: 342.7, 357

Infosys - Infy made a higher high and a higher low. Infy is now at an all time high. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2452.
Supports: 2355, 2307
Resistances: 2464

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1050.
Supports: 1050, 1011, 901 (New prices)
Resistances: 1120, 1143 (New prices)

December 11, 2009, Nifty

Nifty made a lower high and a lower low. It still looks like there is some support on the downside for the Nifty. However we will stick to our stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 11, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. We will stay long, but move stop loss up.
Trading strategy: Stay long, move stop loss to 327
Supports: 288.2, 274.4
Resistances: 342.7, 357

Infosys - Infy made a higher high and a higher low. It was a hammer candle that broker the resistance at 2457, indication a possible trend reversal. We will stay long and move our stop loss up. If Infy is able to hold above 2457, we could see further upside.
Trading Strategy: Stay long, move stop loss to 2430.
Supports: 2355, 2307
Resistances: 2464

RIL - RIL made a higher high and a higher low. It was a break out on the upside. We now expect a major up-move from Reliance.
Trading Strategy: If you have not already, close the short and go long with a stop loss at 1050.
Supports: 1050, 1011, 901 (New prices)
Resistances: 1076-81, 1120, 1143 (New prices)

December 10, 2009, Nifty

Nifty made an equal high and a higher low. It looks like there is some support on the downside for the Nifty. However we will stick to our stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 10, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. It was a hammer candle indicating resistance. We will stay long, but move stop loss up.
Trading strategy: Stay long, move stop loss to 325
Supports: 288.2, 274.4
Resistances: 342.7, 357

Infosys - Infy made a higher high and a higher low. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2422.
Supports: 2355, 2307
Resistances: 2457

RIL - RIL made another inside day. It was also a doji. RIL is now clearly winding up for a big move. We will stay short, but move stop loss down. We will also be prepared to switch to long in case of a break out on the upside.
Trading Strategy: Stay short, move stop loss down to 1078. If RIL break 1078, close short and switch to long with a stop loss at 1060.
Supports: 1060, 1011, 901 (New prices)
Resistances: 1076, 1120, 1143 (New prices)

December 9, 2009, Nifty

Nifty made a higher high and a higher low. The rally was unexpected, but we will stick to our stop loss.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 5052, 4933, 4860
Resistances: 5138, 5182

December 9, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. We will stay long, but move stop loss up.
Trading strategy: Stay long, move stop loss to 315
Supports: 288.2, 274.4
Resistances: 342.7, 357

Infosys - Infy finally made a positive break out. Stay long.
Trading Strategy: Stay long, move stop loss to 2380.
Supports: 2355, 2307
Resistances: 2457

RIL - RIL made an inside day. This indicates a trend reversal. We will stay short, but move stop loss down to Tuesday's high.
Trading Strategy: Stay short, move stop loss down to 1084.
Supports: 1011, 901 (New prices)
Resistances: 1120, 1143 (New prices)

December 8, 2009, Nifty

Nifty made a lower low and a lower high. The Nifty seems to be weakening but we have not seen the big crash that we had predicted. We still feel the Nifty is weak and it will correct.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

December 8, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. We were early in booking profits again.
Trading strategy: Go long with a stop loss at 308
Supports: 288.2, 274.4
Resistances: 315.1, 325.6

Infosys - Infy made a higher high and a higher low. It was also a doji candle. However it still did not break out on either side, though the upside looks more likely. Stay long, but be prepared to switch to short.
Trading Strategy: Stay long, with a stop loss at 2355. If 2355 is broken, go short with a stop loss at 2427.
Supports: 2355, 2307
Resistances: 2427, 2449

RIL - RIL made a lower low and a lower high. Go short.
Trading Strategy: Go short with a stop loss at 1120.
Supports: 1011, 901 (New prices)
Resistances: 1120, 1143 (New prices)

December 7, 2009, Nifty

Nifty made a lower and a lower low. The Nifty has not yet crashed as we predicted, but it has not broken our revised stop loss. We still feel the Nifty is weak and if it is unable to clear 5182, we could see a major correction.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

December 7, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. It was an engulfing candle. Our stop loss was hit and we booked our profits.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 288.2, 274.4
Resistances: 315.1, 325.6

Infosys - Infy made another inconclusive candle. It was a higher high and a higher low as well as a doji. However it did not break out on either side, though the upside looks more likely. We will go long, but be prepared to switch to short.
Trading Strategy: Go long, with a stop loss at 2355.
Supports: 2355, 2307
Resistances: 2427, 2449

RIL - RIL made a lower high and a lower low. We hit our stop losses and booked profits.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1011, 901 (New prices)
Resistances: 1118, 1143 (New prices)

December 4, 2009, Nifty

Nifty made a higher high but a lower low. It was also a doji candle. The Nifty has not yet crashed as we predicted, but it has not broken our revised stop loss. We still feel the Nifty is weak and if it is unable to clear 5182, we could see a major correction.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

December 4, 2009, Single Stock

Bharti - Bharti made a lower high and a higher low. It was also a doji candle. We will stay long.
Trading strategy: Stay long, with stop loss at 302.7
Supports: 277.4, 274.4
Resistances: 307.9, 325.6

Infosys - Infy made another inconclusive candle. We still expect a major move in Infy. We will wait and take a position depending on which side the break out is.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2355, 2307
Resistances: 2427, 2449

RIL - RIL made an equal high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 1091
Supports: 1011, 901 (New prices)
Resistances: 1118, 1143 (New prices)

December 3, 2009, Nifty

Nifty made a higher high and higher low, but it was a doji candle. We have moved our stop loss up against traditional wisdom. Let us see if it pays off.
Trading Strategy: Stay short, keep stop loss at 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

December 3, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. It was also a doji candle. We will stay long, but move our stop loss up.
Trading strategy: Stay long, keep stop loss at 302.7
Supports: 277.4, 274.4
Resistances: 307.9, 325.6

Infosys - Infy made an inside day and it was also a doji candle. We now expect a major move in Infy. We will wait and take a position depending on which side the break out is.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2355, 2307
Resistances: 2449

RIL - RIL made a higher high and a higher low. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, but move stop loss to 1091
Supports: 1011, 901 (New prices)
Resistances: 1118, 1143 (New prices)

December 2, 2009, Nifty

Nifty made a higher high and higher low. We had expected this pull back, but expect a deep correction to set in later in the week. Hence we will move our stop loss up to 5182.
Trading Strategy: Stay short, move stop loss to 5182.
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

December 2, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long, but move our stop loss up.
Trading strategy: Stay long, move stop loss to 300.6
Supports: 277.4, 274.4
Resistances: 307.9, 325.6

Infosys - Infy made a higher high and a higher low. However it was a hammer candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2307, 2249
Resistances: 2449

RIL - RIL made a higher high and a higher low. However it was a doji candle, so we could see a strong move from here.
Trading Strategy: Go long with a stop loss at 1067 (New price)
Supports: 1011, 901 (New prices)
Resistances: 1113, 1143 (New prices)

December 1, 2009, Nifty

Nifty made a higher high and higher low. We had expected this pull back, but expect a deep correction to set in later in the week. Hence we will not move our stop loss down.
Trading Strategy: Stay short with a stop loss at 5138
Supports: 4933, 4860, 4807
Resistances: 5138, 5182

December 1, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading strategy: Go long with a stop loss at 274.4
Supports: 277.4, 274.4
Resistances: 307.9, 325.6

Infosys - Infy made a higher low, but now a higher high.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2307, 2249
Resistances: 2449

RIL - RIL made a higher high and a hgher low. However it was a doji candle, so we could see a strong move from here. We have not yet adjusted for the stock split so our numbers are still based on the old prices.
Trading Strategy: Go long with a stop loss at 1011 (New price)
Supports: 1011, 2044-61, 2036 (Old prices)
Resistances: 2213, 2236-40 (Old prices)

November 30, 2009, Nifty

Nifty made a lower high and a lower low. However it was a hammer candle. We feel there might be a pull back, but expect a deep correction to set in later in the week. Hence we will not move our stop loss down.
Trading Strategy: Stay short with a stop loss at 5113
Supports: 4933, 4860
Resistances: 5113, 5182

November 30, 2009, Single Stock

Bharti - Bharti made a lower low and a higher high. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces.
Supports: 277.4, 274.4
Resistances: 287.6, 307.9

Infosys - Infy made a lower low and a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2249, 2120-30
Resistances: 2449

RIL - RIL made a lower low and a lower high. However it was a doji candle, so we could see a rebound from here. We have not yet adjusted for the stock split so our numbers are still based on the old prices.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2044-61, 2036
Resistances: 2213, 2236-40

November 27, 2009, Nifty

Nifty made a lower high and a lower low. Our stop loss was hit and we closed our position. The only saving grace was that we closed our position before Nifty began it 75 pt fall for the day. The failure to take out 5182 is not a good sign for he Nifty. We will be go short.
Trading Strategy: Go short with a stop loss at 5113
Supports: 4933, 4860
Resistances: 5113, 5182

November 27, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long.
Trading strategy: Stay long with a stop loss at 277.4
Supports: 277.4, 270.6
Resistances: 307.9, 325.6

Infosys - Infy made a lower low and a lower high. Our stop loss was just hit and we closed our position with a loss.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2367, 2249, 2120-30
Resistances: 2449

RIL - RIL hit our stop loss and closed our position. We have not yet adjusted for the stock split so our numbers are still based on the old prices.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2044-61, 2036
Resistances: 2213, 2236-40

November 26, 2009, Nifty

Nifty made a higher high and a higher low. We will stay long, but move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5078
Supports: 4933, 4860
Resistances: 5182

November 26, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. It was also a doji candle. We hit our stop loss and closed our position. We will go long with a stop loss at recent low.
Trading strategy: Go long with a stop loss at 277.4
Supports: 277.4, 270.6
Resistances: 307.9, 325.6

Infosys - Infy made a higher high and a higher low. We will go long.
Trading Strategy: Go long with a stop loss at 2368
Supports: 2368, 2249, 2120-30
Resistances: 2449

RIL - RIL made a higher high, but a lower low. The break out does not look very strong, however we will stay long.
Trading Strategy: Stay long, move stop loss to 2133
Supports: 2044-61, 2036
Resistances: 2213, 2236-40

November 25, 2009, Nifty

Nifty made a equal high and a higher low. We will stay long, but move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5052
Supports: 4933, 4860
Resistances: 5182

November 25, 2009, Single Stock

Bharti - Bharti made a lower high, but not a lower low. We will follow the high and move our stop loss down.
Trading strategy: Stay short, move stop loss to 283.5
Supports: 280, 270.6
Resistances: 307.9, 325.6

Infosys - Infy made a lower high and a higher low. We will wait and watch to see which side there is a break out.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2335, 2249, 2120-30
Resistances: 2449

RIL - RIL made a higher low and a lower high. The break out does not look very strong, however we will move our stop loss up and stay long.
Trading Strategy: Stay long, move stop loss to 2133
Supports: 2044-61, 2036
Resistances: 2213, 2236-40

November 24, 2009, Nifty

Nifty made a higher high but a higher low. It broke the previous high. We hit our stop loss and closed our position. We will go long. Nifty needs to take out the previous high of 5182 for a sustained up move.
Trading Strategy: Go long with a stop loss at 4933
Supports: 4933, 4860
Resistances: 5182

November 24, 2009, Single Stock

Bharti - As predicted Bharti continued its downtrend. We will follow and move our stop loss down.
Trading strategy: Stay short, move stop loss to 290
Supports: 280, 270.6
Resistances: 307.9, 325.6

Infosys - Infy made a lower high and a higher low. We will wait and watch before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2335, 2249, 2120-30
Resistances: 2449

RIL - RIL made a higher high and a higher low. It seems to have broken out of the resistance at 2162. We will go long with stop loss at the recent low.
Trading Strategy: Go long with stop loss at 2065
Supports: 2044-61, 2036
Resistances: 2213, 2236-40

November 23, 2009, Nifty

Nifty made a higher high but a lower low. However our stop loss was not it. We expect this kind of sharp pull back when a big support is broken. We will stay short.
Trading Strategy: Stay short with a stop loss at 5079.
Supports: 4860, 4804
Resistances: 5079, 5182

November 23, 2009, Single Stock, Bharti initiation

Bharti - We are starting coverage of Bharti. NSE code BHARTIARTL. The stock has been in medium term downtrend since a high of 480 on Sept 24.
In the short term also the trend is downward, with the previous high at 307.9. However the previous low of 280 has not been breached and the stock could take support from there. After that the next low is 270.6
We will go short with a stop loss at the recent high.
Trading strategy: Go short, with a stop loss at 307.9
Supports: 280, 270.6
Resistances: 307.9, 325.6

Infosys - Infy made a higher high and a higher low. Our stop loss was hit we closed our position. We will wait and watch before taking another position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2335, 2249, 2120-30
Resistances: 2449

RIL - RIL made a higher high but a lower low. We hit our stop loss and booked our profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2044-61, 2036
Resistances: 2162, 2213, 2236-40

November 20, 2009, Nifty

As expected Nifty made a sharp down move on Thursday and we booked our profits. If you did not already go short, go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5079.
Supports: 4860, 4804
Resistances: 5079, 5182

November 20, 2009, Single Stock

RIL - As expected RIL fell sharply. We will move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2110.
Supports: 2044-61, 2036
Resistances: 2162, 2213, 2236-40

Infy - Infy made a lower low and a lower high. Our stop loss was hit and we booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2443.
Supports: 2335, 2249, 2120-30
Resistances: 2443

November 19, 2009, Nifty

Nifty made a higher high and a higher low. However it was the second successive doji candle for the Nifty. We seem to be winding up for a large move. Stay long, move stop loss up, but keep stop losses strict. Be prepared to switch to short if needed.
Trading Strategy: Stay long, move stop loss up to 5042. If Nifty breaks 5023, go short with a stop loss at 5079.
Supports: 5023, 4860, 4804
Resistances: 5079, 5182

November 19, 2009, Single Stock

RIL - As expected RIL fell sharply on Wednesday. Our stop loss of 2162 was on the dot. Stay short.
Trading Strategy: Stay short with a stop loss at 2162.
Supports: 2113, 2044-61, 2036
Resistances: 2162, 2213, 2236-40

Infy - Infy made a higher low and a higher high. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2399.
Supports: 2335, 2249, 2120-30
Resistances: 2375, 2421

November 18, 2009, Nifty

Nifty just managed to make a higher high and a higher low. However it was a doji candle. Stay long, move stop loss up, but keep stop losses strict. Be prepared to switch to short if needed.
Trading Strategy: Stay long, move stop loss up to 5010. If Nifty breaks 5007, go short with a stop loss at 5077.
Supports: 4860, 4804, 4611
Resistances: 5077, 5182

November 18, 2009, Single Stock

RIL - RIL made a lower high and a lower low. Our stop loss was hit and we booked profits. We will not initiate a short position.
Trading Strategy: Go short with a stop loss at 2162.
Supports: 2113, 2044-61, 2036
Resistances: 2162, 2213, 2236-40

Infy - Infy made a higher low, but not a higher high. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2356.
Supports: 2335, 2249, 2120-30
Resistances: 2375, 2421

November 17, 2009, Nifty

Nifty made a higher high and a higher low. Stay long but move stop loss up.
Trading Strategy: Stay long, move stop loss up to 4994.
Supports: 4860, 4804, 4611
Resistances: 5077, 5182

November 17, 2009, Single Stock

RIL - RIL made a higher high and a higher low. It was also a doji candle, suggesting a possible end to the up move. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2132.
Supports: 2132, 2044-61, 2036
Resistances: 2162, 2213, 2236-40

Infy - Infy made a higher low, but not a higher high. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2335.
Supports: 2249, 2120-30, 2025
Resistances: 2375, 2421

November 16, 2009, Nifty

Nifty made a higher low and higher high. Stay long but move stop loss up.
Trading Strategy: Stay long, move stop loss up to 4942.
Supports: 4860, 4804, 4611
Resistances: 5077, 5182

November 16, 2009, Single Stock

RIL - RIL made a lower high and a lower low on Friday. We will stay long, but keep stop losses strict. If 2044 is broken, go short with a stop loss at the recent high.
Trading Strategy: Stay long, keep stop loss at 2084. If 2044-61 is broken, go short with a stop loss at 2146.
Supports: 2044-61, 2036, 1975
Resistances: 2146, 2213, 2236-40

Infy - Infy made a higher high and a higher low on Friday. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2313.
Supports: 2249, 2120-30, 2025
Resistances: 2421

November 13, 2009, Nifty

Nifty made a higher low, but did not make a higher high. Stay long but move stop loss up.
Trading Strategy: Stay long, move stop loss up to 4925.
Supports: 4860, 4804, 4611
Resistances: 5077, 5182

November 13, 2009, Single Stock

RIL - RIL made a higher high and a higher low on Thursday. We will stay long but move stop loss up. 2044-61 is a strong support region.
Trading Strategy: Stay long, move stop loss to 2084. If 2044-61 is broken, go short with a stop loss at 2146.
Supports: 2044-61, 2036, 1975
Resistances: 2213, 2236-40

Infy - Infy made a higher high and a higher low on Thursday. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2287.
Supports: 2249, 2120-30, 2025
Resistances: 2353, 2421

November 12, 2009, Nifty

Apologies for not posting on ideas for November 11.
Nifty made a higher high and a higher low. Stay long but move stop loss up.
Trading Strategy: Stay long, move stop loss up to 4860.
Supports: 4860, 4804, 4611
Resistances: 5077, 5182

November 12, 2009, Single Stock

Apologies for not posting on ideas for November 11.
RIL - RIL made a higher high and a higher low on Wednesday. We will stay long but move stop loss up. RIL broke the resistances at 2044 and at 2080.
Trading Strategy: Stay long, move stop loss to 2036.
Supports: 2036, 1975, 1930
Resistances: 2213, 2236-40

Infy - 2200 did not break and our patience paid off. As we predicted, Infy made a sharp move up on Wednesday. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2249.
Supports: 2249, 2120-30, 2025
Resistances: 2288-2300, 2353

November 10, 2009, Nifty

Nifty made a higher high and a higher low. Stay long but move stop loss up.
Trading Strategy: Stay long, move stop loss up to 4790.
Supports: 4804, 4611, 4530
Resistances: 5077, 5182

November 10, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long but move stop loss up. There is a strong resistance at 2044 and then at 2080. We will wait to see if RIL can break out of these.
Trading Strategy: Stay long, move stop loss to 1962.
Supports: 1930, 1851, 1802
Resistances: 2043, 2080, 2236-40

Infy - Infy made a lower high and a higher low. It was also a doji candle. Keep stop losses strict. Stay long but be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 2200. If 2200 breaks, go short with a stop loss at 2242.
Supports: 2120-30, 2025
Resistances: 2288-2300, 2353

November 09, 2009, Nifty

Nifty made a higher high and a higher low. It was a hammer candle, indicating possible resistance. Stay long but move stop loss up.
Trading Strategy: Stay long, move stop loss up to 4765.
Supports: 4611, 4530, 4400,
Resistances: 4854, 5077, 5182

November 09, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long but move stop loss up to Friday's low.
Trading Strategy: Stay long, move stop loss to 1930
Supports: 1930, 1851, 1802
Resistances: 2043, 2236-40

Infy - Infy made a higher high and a higher low. Keep stop losses strict. Stay long but be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 2193. If 2165 breaks, go short with a stop loss at 2242.
Supports: 2120-30, 2025
Resistances: 2288-2300, 2353

November 06, 2009, Nifty

Nifty made a higher high and a higher low. Stay long but move stop loss up.
Trading Strategy: Stay long, move stop loss up to 4611.
Supports: 4611, 4530, 4400,
Resistances: 4854, 5077, 5182

November 06, 2009, Single Stock

RIL - RIL made a higher high and a higher low. It was also a hammer candle. We will stay long but move stop loss up to Thursday's low.
Trading Strategy: Stay long, move stop loss to 1851
Supports: 1851, 1802, 1717
Resistances: 1933, 2043, 2236-40

Infy - Infy made another inside day. It was also a doji candle. Keep stop losses strict. We now expect a major move from Infy. Stay long but be prepared to switch to short.
Trading Strategy: Stay long with a stop loss at 2165, If 2165 breaks, go short with a stop loss at 2242.
Supports: 2120-30, 2025
Resistances: 2288-2300, 2353

November 05, 2009, Nifty

Yesterday was a clear inside day for the Nifty, indicating a trend reversal. If you did not go long yesterday, go long today.
Trading Strategy: If you did not go long yesterday, go long today, with a stop loss at 4530.
Supports: 4530, 4400,
Resistances: 4854, 5077, 5182

November 05, 2009, Single Stock

RIL - RIL made a higher high and a higher low. Go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 1802.
Supports: 1802, 1717
Resistances: 1933, 2043, 2236-40

Infy - Infy made a higher high and a higher low. We hit our stop loss and booked profits. Go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 2130.
Supports: 2120-30, 2025
Resistances: 2288-2300, 2353

November 04, 2009, Nifty

We were early in booking profits on the Nifty. If the Nifty can bounce from current levels it will imply a 76% retracement of the up move from 4353 to 5182. However if Nifty opens down tomorrow, this will mean that Nifty is retracing the upmove from 3919 to 5182, in which case the next support is at 4400.
Trading Strategy: If Nifty opens up and holds go long with a stop loss at 4530. If Nifty opens down, go short with a stop loss at 4854.
Supports: 4530, 4400,
Resistances: 4854, 5077, 5182

November 04, 2009, Single Stock

RIL - RIL made a lower low and a lower high. RIL broke its support at 1868. We will wait to see if RIL bounces back from 1868. The next support is at 1717.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1717
Resistances: 2043, 2236-40

Infy - Infy made a lower high and a lower low. We will stay short but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 2247.
Supports: 2120, 2025
Resistances: 2247-50, 2288-2300, 2353

November 03, 2009, Nifty

Nifty's down trend looks like it is ending. Nifty made a higher high, but also a lower low. We hit out stop loss and booked profits.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4618, 4580,
Resistances: 4811, 5077, 5182

November 03, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We hit our stop loss and closed our position. As predicted there was a major move in RIL. We will wait to see if RIL bounces back from 1922. The next support is at 1868.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1923-43, 1868
Resistances: 2043, 2236-40, 2285

Infy - Infy made a lower high and a lower low. We will stay short but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 2250.
Supports: 2167-77, 2120
Resistances: 2250, 2288-2300, 2353

October 30, 2009, Nifty

Nifty made a lower low, and a lower high yesterday. We will move our stop loss down to yesterday's high.
Trading Strategy: Stay short, move stop loss to 4826.
Supports: 4783-4800, 4580,
Resistances: 5077, 5182, 5299

October 30, 2009, Single Stock

RIL - RIL made a higher high and a lower low. It was also a doji candle, indicating indecision in the market. We can expect a major move in RIL over the next few session. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 1975
Supports: 1975, 1923-43
Resistances: 2043, 2236-40, 2285

Infy - Infy made a lower high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2300.
Supports: 2167-77, 2120
Resistances: 2288-2300, 2353, 2415-21

October 29, 2009, Nifty

Nifty made a lower low, and a lower high yesterday. We will move our stop loss down to yesterday's high.
Trading Strategy: Stay short, move stop loss to 4867.
Supports: 4783-4800, 4580,
Resistances: 5077, 5182, 5299

October 29, 2009, Single Stock

RIL - RIL made a higher high and a higher low. Our stop loss was hit and we booked profits. We will now go long.
Trading Strategy: Go long with a stop loss at 1975
Supports: 1975, 1923-43
Resistances: 2043, 2236-40, 2285

Infy - Infy made and inside day with a lower high and a higher low. We will go short with a stop loss at recent high.
Trading Strategy: Go short with a stop loss at 2300.
Supports: 2167-77, 2120
Resistances: 2288-2300, 2353, 2415-21

October 28, 2009, Nifty

Today is Bill Gates' birthday so we are a little late. The market has opened and Nifty is already below 4800.

Nifty made a lower low, and a lower high yesterday. As predicted it was a sharp move. We will move our stop loss down to yesterday's high.
Trading Strategy: Stay short, move stop loss to 4971.
Supports: 4783-4800, 4580,
Resistances: 5077, 5182, 5299

October 28, 2009, Single Stock

Today is Bill Gates' birthday so we are a little late. The market has opened and Nifty is already below 4800.

RIL - RIL made a lower low and a lower high yesterday. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2010.
Supports: 1923-43, 1717
Resistances: 2010, 2236-40, 2285

Infy - Infy just managed to make a higher high but also made a lower low. We hit our stop loss and booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2167-77, 2120
Resistances: 2288-2300, 2353, 2415-21

October 27, 2009, Nifty

Nifty made a lower low, and a a lower high. It was the second successive hammer candle. We now expect a sharp move in the Nifty. It could be a bounce back from this level, so keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 5034.
Supports: 4921-4935, 4783, 4580,
Resistances: 5077, 5182, 5299

October 27, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2068.
Supports: 1923-43, 1717
Resistances: 2236-40, 2285

Infy - Infy made a higher high and a higher low. It was a doji candle, so we could see the end of the up move. We will move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2230.
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

October 26, 2009, Nifty

Nifty made a higher lower, but also a lower high. It was a hammer candle. We could expect a bounce back from this level, so keep stop losses strict.
Trading Strategy: Stay short, move stop loss to with a stop loss at 5064.
Supports: 4921-4935, 4783, 4580,
Resistances: 5077, 5182, 5299

October 26, 2009, Single Stock

RIL - RIL broke its support at 2058. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2285.
Supports: 1923-43, 1717
Resistances: 2236-40, 2285

Infy - Infy made a higher high and a higher low. We will move our stop loss up. Trading Strategy: Stay long, move stop loss to 2212.
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

October 23, 2009, Nifty

Nifty made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss to with a stop loss at 5077.
Supports: 4921-4935, 4783, 4580,
Resistances: 5077, 5182, 5299

October 23, 2009, Single Stock

RIL - RIL made lower high and a lower low. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 2084-90, 2058-2071
Resistances: 2236-40, 2285

Infy - Infy made a higher high and a higher low. We will move our stop loss up. Trading Strategy: Stay long, move stop loss to 2191.
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

October 22, 2009, Nifty

Nifty made a lower low and a lower high. We hit our stop loss and booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5182.
Supports: 4921-4935, 4783, 4580,
Resistances: 5182, 5299, 5545

October 22, 2009, Single Stock

RIL - RIL made lower high and a lower low. However our stop loss was not hit. We will stay long but be prepared to close our position. Yesterday was a doji candle, so we could see a bounce back from here.
Trading Strategy: Stay long with stop loss to 2161
Supports: 2161, 2084-90, 2058-2071
Resistances: 2236-40, 2285

Infy - Infy made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 2167.
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

October 21, 2009, Nifty

Nifty stopped its uptrend with a lower low and a lower high. However our stop loss was not hit. We will stay long but be prepared to close our position.
Trading Strategy: Stay long, with stop loss at 5093.
Supports: 4921-4935, 4783, 4580,
Resistances: 5299, 5545

October 21, 2009, Single Stock

RIL - RIL made lower high and a lower low. However our stop loss was not hit. We will stay long but be prepared to close our position.
Trading Strategy: Stay long with stop loss to 2161
Supports: 2161, 2084-90, 2058-2071
Resistances: 2236-40, 2285

Infy - Infy made a lower low and a higher high. It looks like the down-trend is over. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

October 20, 2009, Nifty

The nifty continued its up-move during Muhurat trading. We will follow the up-move and move our stop loss up.
Trading Strategy: Stay long, move stop loss to 5093.
Supports: 4921-4935, 4783, 4580,
Resistances: 5299, 5545

October 20, 2009, Single Stock

RIL - On Muhurat trading, RIL broke the resistance at 2236, but it was not convincing. We will stay long but move our stop loss up to 2161.
Trading Strategy: Stay long, move stop loss to 2161
Supports: 2161, 2084-90, 2058-2071
Resistances: 2236-40

Infy - Infy made a lower low and a lower high. We should have gone short earlier. Since we are late to catch the down move we will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

October 15, 2009, Nifty

The nifty continued its up-move today. We will follow the up-move and move our stop loss up. The nifty broke is recent high of 5111. If it is able to hold above this we could see up move continue.
Trading Strategy: Stay long, with stop loss at 5054.
Supports: 4921-4935, 4783, 4580,
Resistances: 5111, 5167

October 15, 2009, Single Stock

RIL - RIL made a higher high and a higher low. The next resistance is at 2236. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2153
Supports: 2084-90, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a higher high and a higher low. We hit our stop loss and closed our position. However the up move was not convincing and it was a hammer candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

October 14, 2009, Nifty

As expected Nifty moved up sharply. We could expect a pull back over the next couple of sessions, but the bias is clearly on the upside.
Trading Strategy: Stay long, with stop loss at 4935.
Supports: 4921-4935, 4783, 4580,
Resistances: 5111, 5167

October 14, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will move our stop loss up to Friday's low.
Trading Strategy: Stay long, move stop loss to with a stop loss at 2090
Supports: 2084-90, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a higher high and a higher low. We will stay short but be prepared to close our position.
Trading Strategy: Stay short with stop loss at 2277.
Supports: 2167-77, 2120
Resistances: 2277, 2353, 2415-21.

October 12, 2009, Nifty

We continue to expect a sharp move in the Nifty. This could be on the downside, so be prepared to switch to short if resistances are broken.
Trading Strategy: Stay long, but be prepared to switch to short if support is broken.
Supports: 4921-4904, 4783, 4580,
Resistances: 5111, 5167

October 12, 2009, Single Stock

RIL - RIL made a lower high and a lower low. However our stop loss was not hit. We will keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2084
Supports: 2084, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a lower low, but not a lower high. We will stay short but move our stop loss down.
Trading Strategy: Stay short with, move stop loss to 2277.
Supports: 2167-77, 2120
Resistances: 2277, 2353, 2415-21.

October 9, 2009, Nifty

Nifty made an inside day. This shows clear indecision in the market. We now expect a sharp move in the Nifty. This could be on the downside, so be prepared to switch to short if resistances are broken.
Trading Strategy: Stay long, but be prepared to switch to short if support is broken.
Supports: 4921-4904, 4783, 4580,
Resistances: 5111, 5167

October 9, 2009, Single Stock

RIL - RIL made a higher high and a higher low. Go long with a stop loss at recent low.
Trading Strategy: If you did not already go long, go long with stop loss at 2084Supports: 2084, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a lower low and a lower high. We will stay short with a stop loss at the recent high. Friday is results day so keep stop losses strict.
Trading Strategy: Stay short with a stop loss at 2353.
Supports: 2233, 2177, 2120
Resistances: 2353, 2415-21.

October 8, 2009, Nifty

Nifty made a higher high and a higher low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long, move stop loss up to 4921.
Supports: 4921-4904, 4783, 4580,
Resistances: 5111, 5167

October 8, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We will look to take a position if RIL bounces back from support or if the support at 2058 is broken.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2058-2071, 1923, 1868
Resistances: 2213-9, 2240

Infy - Infy made a lower low and a lower high. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2353.
Supports: 2233, 2177, 2120
Resistances: 2353, 2415-21.

October 7, 2009, Nifty

Nifty made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4904
Supports: 4904, 4783, 4580, 4421
Resistances: 5111, 5167

October 7, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However it was a hammer candle.
We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2058-2071, 1923, 1868
Resistances: 2213-9, 2240

Infy - Infy made and engulfing candle. We hit our stop loss and closed our position at break-even. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2233, 2177, 2120
Resistances: 2353, 2415-21.

October 6, 2009, Nifty

Nifty made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4904
Supports: 4904, 4783, 4580, 4421
Resistances: 5111, 5167

October 6, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We hit our stops and took some losses.
We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2058-2071, 1923, 1868
Resistances: 2213-9, 2240

Infy - Infy made a lower low and a lower high. However it was also a doji candle. We will go short with a stop loss at Thursday's high.
Trading Strategy: Go short with a stop loss at 2350.
Supports: 2233, 2177, 2120
Resistances: 2350, 2415-21.

October 1, 2009, Nifty

Nifty made a higher high and a higher higher low. We hit our stop loss and took some losses. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 4904
Supports: 4904, 4783, 4580, 4421
Resistances: 5167

October 1, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with stop loss at 2165.
Supports: 2165, 2058-2071, 1923, 1868
Resistances: 2219, 2240

Infy - Infy made an engulfing candle, indicating indecision in the stock. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2233, 2177, 2120
Resistances: 2325, 2415-21.

September 30, 2009, Nifty

Nifty made a higher high and a higher higher low. Stay short.
Trading Strategy: Stay short with a stop loss at 5036.
Supports: 4904, 4783, 4580, 4421
Resistances: 5036, 5167

September 30, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with stop loss at 2058.
Supports: 2058-2071, 1923, 1868
Resistances: 2219, 2240

Infy - Infy hit our stop loss and we booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2233, 2177, 2120
Resistances: 2300, 2415-21.

September 29, 2009, Nifty

Nifty made a lower high but also a higher low. Stay short.
Trading Strategy: Stay short with a stop loss at 5036.
Supports: 4904, 4783, 4580, 4421
Resistances: 5036, 5167

September 29, 2009, Single Stock

RIL - RIL made a higher high and a higher low. Our stop loss was hit and we booked profits. We will now go long.
Trading Strategy: Go long with stop loss at 2058.
Supports: 2058-2071, 1923, 1868
Resistances: 2219, 2240

Infy - Infy fell sharply on Friday. Stay short.
Trading Strategy: Stay short, move stop loss to 2292.
Supports: 2177, 2120
Resistances: 2292, 2415-21.

September 25, 2009, Nifty

Yesterday was expiry and Nifty swung wildly. We have been losing money on the last three trades. If you did not go short yesterday, go short with a stop loss at 5036.
Trading Strategy: Go short with a stop loss at 5036.
Supports: 4904, 4783, 4580, 4421
Resistances: 5036, 5167

September 25, 2009, Single Stock

RIL - RIL made an engulfing candle. We will stay short.
Trading Strategy: Stay short, move stop loss to 2140.
Supports: 2071, 1923, 1868
Resistances: 2140, 2219, 2240

Infy - Infy fell sharply and we booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2421.
Supports: 2177, 2120
Resistances: 2415-21.

September 24, 2009, Nifty

Nifty made a lower high and a lower low. Our stop loss was not hit, however we were whipsawed. We will continue to trade on breaks of supports/resistances.

Trading Strategy: Stay long, move stop loss to 4932, If 4932 is broken close the long and switch to short.
Supports: 4932, 4783, 4580, 4421
Resistances: 5036, 5167

September 24, 2009, Single Stock

RIL - RIL made a lower high but not a lower low. We will stay short.
Trading Strategy: Stay short, move stop loss to 2219.
Supports: 2071, 1923, 1868
Resistances: 2219, 2240, 2379

Infy - Infy made an inside day. It was a higher low but not a higher high. We will move our stop loss up and look to book profits.
Trading Strategy: Stay long with stop loss at 2350.
Supports: 2340, 2177, 2120
Resistances: 2415.

September 23, 2009, Nifty

Nifty made a higher high and a higher low. Out stop loss was hit and we closed our position with a loss. We will go long with the risk of being whipsawed. Keep stop loss at Friday's low.
Trading Strategy: Go long with a stop loss at 4944
Supports: 4944, 4783, 4580, 4421
Resistances: 5036, 5167

September 23, 2009, Single Stock

RIL - RIL made a higher high and a higher low. However the move was not convincing. We will stay short.
Trading Strategy: Stay short with a stop loss at 2240.
Supports: 2071, 1923, 1868
Resistances: 2240, 2379

Infy - Infy continues to be on an uptrend. Stay long.
Trading Strategy: Stay long with stop loss at 2342.
Supports: 2177, 2120, 2025
Resistances: 2415.

September 22, 2009, Nifty

Nifty made a lower high and a lower low. It was a doji candle. We hit our stop loss and booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with stop loss at 5003.
Supports: 4944, 4783, 4580, 4421
Resistances: 5003, 5167

September 22, 2009, Single Stock

RIL - On Friday RIL made a inside day. It has also been a long weekend. We will stay short.
Trading Strategy: Stay short with a stop loss at 2240.
Supports: 1923, 1868
Resistances: 2240, 2379

Infy - Infy continues to be on an uptrend. We will move our stop loss to Friday's low. Stay long.
Trading Strategy: Stay long, move stop loss to 2342.
Supports: 2177, 2120, 2025
Resistances: 2415.

September 18, 2009, Nifty

Nifty made a higher high and a higher low. However it was a doji candle. We will move our stop loss to yesterday's low, but stay long.
Trading Strategy: Stay long, with stop loss up to 4944.
Supports: 4944, 4783, 4580, 4421
Resistances: 5000, 5167

September 18, 2009, Single Stock

RIL - Over the last three trading sessions, RIL has moved up but also given up those gains. Yesterday RIL broke the support at 2105. It was also a lower high and a lower low. We will go short.
Trading Strategy: Go short with a stop loss at 2240.
Supports: 1923, 1868
Resistances: 2240, 2379

Infy - Infy continues to be on an uptrend. We will move our stop loss to yesterday's low. Stay long.
Trading Strategy: Stay long, move stop loss to 2320.
Supports: 2177, 2120, 2025
Resistances: 2415.

September 15, 2009, Nifty

Nifty made a hammer candle. However we cannot conclude on which side the next trend is going to set in. We will stay long, but switch to short if our support it breached.
Trading Strategy: Stay long, with stop loss up to 4783.If 4783 is broken, then switch to short with a stop loss at 4889.
Supports: 4783, 4757, 4580, 4421
Resistances: 4842 , 4889, 5000

September 15, 2009, Single Stock

RIL - RIL made a lower high, but not a lower low. It was also a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2105, 1923, 1868
Resistances: 2240, 2379

Infy - Infy made an inside day candle. We will keep our stop losses strict and watch for a new trend to set in. Stay long.
Trading Strategy: Stay long with a stop loss at 2177
Supports: 2177, 2120, 2025
Resistances: 2239, 2415

September 14, 2009, Nifty

Nifty made another doji candle. This indicates further indecision in the market. We can now expect a major move. The next few trading session will decide the direction. We will stay long, but switch to short if our support it breached.
Trading Strategy: Stay long, with stop loss up to 4783.If 4783 is broken, then switch to short with a stop loss at 4889.
Supports: 4783, 4757, 4580, 4421
Resistances: 4842 , 4889, 5000

September 14, 2009, Single Stock

RIL - RIL made a lower high and a lower low. We hit our stop loss and booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2105, 1923, 1868
Resistances: 2240, 2379

Infy - Infy made and engulfing candle. We will keep our stop losses strict and watch for a new trend to set in. Say long.
Trading Strategy: Stay long with a stop loss at 2177
Supports: 2177, 2120, 2025
Resistances: 2239, 2415

September 11, 2009, Nifty

Nifty made a higher high, and a higher low. It was a doji candle, indicating indecision in the market. We will stay long, but switch to short if our support it breached.
Trading Strategy: Stay long, with stop loss up to 4783.If 4783 is broken, then switch to short with a stop loss at 4889.
Supports: 4783, 4757, 4580, 4421
Resistances: 4842 , 4889, 5000

September 11, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2133.
Supports: 2133, 1923, 1868
Resistances: 2183, 2240, 2379

Infy - Our short position hit the stop loss and we closed it. We will go long with a stop loss at 2177.
Trading Strategy: Go long with a stop loss at 2177
Supports: 2177, 2120, 2025
Resistances: 2239, 2415

September 10, 2009, Nifty

Nifty made a lower high, but a higher low. It was another hammer candle. Indicating that we could see a reversal in the trend. We will stay long, but switch to short if our support it breached.
Trading Strategy: Stay long, move stop loss up to 4783.If 4783 is broken, then switch to short with a stop loss at 4842.
Supports: 4783, 4757, 4580, 4421
Resistances: 4842 , 5000

September 10, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long, but move our stop loss up.
rading Strategy: Stay long, move stop loss to 2062.
Supports: 2062, 1923, 1868
Resistances: 2183, 2379

Infy - Infy made a lower high and a lower low. We hit our stop loss and booked profits. We will not go short, with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2239
Supports: 2120, 2025
Resistances: 2239, 2415

September 9, 2009, Nifty

Nifty made a higher high and a higher low. However it was a hammed candle, indicating a strong resistance on the upside. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 4783.
Supports: 4679, 4580, 4421
Resistances: 4812 , 5000

September 9, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long, but move our stop loss up.
rading Strategy: Stay long, move stop loss to 2005.
Supports: 2005, 1923, 1868
Resistances: 2089, 2125

Infy - Infy made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 2196
Supports: 2196, 2120, 2025
Resistances: 2325, 2415

September 8, 2009, Nifty

Nifty broke out of 4731-4746 resistance. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 4679.
Supports: 4679, 4580, 4421
Resistances: 4731-46, 4812

September 8, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1923
Supports: 1923, 1868, 1717
Resistances: 2089, 2125

Infy - Infy made a higher high and a higher low. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 2196
Supports: 2196, 2120, 2025
Resistances: 2199-2204, 2415

September 7, 2009, Nifty

Nifty broke out of 4647. We closed our short and switched to long.
Trading Strategy: If you have not already, go long with a stop loss at 4580
Supports: 4580, 4421, 4353
Resistances: 4731-46, 4812

September 7, 2009, Single Stock

RIL - Made a higher high and a higher low. We hit our stop loss and booked profits. We will go long with a stop loss at Thursday's low.
Trading Strategy: Go long with a stop loss at 1923
Supports: 1923, 1868, 1717
Resistances: 2089, 2125

Infy - Infy made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2120.
Supports: 2120, 2025
Resistances: 2199-2204, 2415

September 4, 2009, Nifty

Nifty made a higher low but not a higher high. Nifty took support from the 20-EMA. We will move our stop loss down and stay short. Keep stop losses strict. Be ready to close the short, and switch to long.
Trading Strategy: Stay short, move stop loss to 4647.
Supports: 4421, 4353
Resistances: 4647, 4731-46, 4812

September 4, 2009, Single Stock

RIL - Made a lower high and a lower low. We will follow the down trend and move our stop loss down. We will also keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1987
Supports: 1943, 1868, 1717
Resistances: 1987, 2089, 2125

Infy - Infy made a higher high and a higher low. We will close our shot and go long. Trading Strategy: Book profits in the short. Go long with a stop loss at 2120, if Infy opens above 2120.
Supports: 2120, 2025
Resistances: 2199-2204, 2415

September 3, 2009, Nifty

Nifty made a lower low and a higher high. We will move our stop loss down and stay short.
Trading Strategy: Stay short, move stop loss to 4736.
Supports: 4421, 4353
Resistances: 4731-46, 4812

September 3, 2009, Single Stock

RIL - Made a lower high and a lower low. However it was a doji candle. We will follow the down trend and move our stop loss down. We will also keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1998
Supports: 1943, 1868, 1717
Resistances: 1998, 2089, 2125

Infy - Infy made a lower low and a lower high. This indicates that the down trend could continue over the next few sessions. We will stay short with a stop loss at the recent high. However we will keep stop losses strict and look for break outs.
Trading Strategy: Stay short, with stop loss at 2204.
Supports: 2025, 1935-44
Resistances: 2199-2204, 2415

September 2, 2009, Nifty

Nifty made a lower low but not a lower high. We will stay short but keep stop losses strict and look for break outs.
Trading Strategy: Stay short with a stop loss at 4746.
Supports: 4421, 4353
Resistances: 4731-46, 4812

September 2, 2009, Single Stock

RIL - Made a lower high and a lower low. We will follow the down trend and move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2042
Supports: 1943, 1868, 1717
Resistances: 2042, 2089, 2125

Infy - Infy made a higher high and technically a higher low. It was also a doji candle. We will stay short with a stop loss at the recent high. However we will keep stop losses strict and look for break outs.
Trading Strategy: Stay short, with stop loss at 2204.
Supports: 2025, 1935-44
Resistances: 2199-2204, 2415

September 1, 2009, Nifty

Nifty made a lower high and a lower low. Our stop loss of 4651 was hit and we booked profits.
Trading Strategy: Go short with a stop loss at 4746.
Supports: 4421, 4353
Resistances: 4731-46, 4812

September 1, 2009, Single Stock

RIL - Our stop loss of 2026, was hit and we booked profits. We will go short with a stop loss at Friday's high.
Trading Strategy: Go short with a stop loss at 2089
Supports: 1943, 1868, 1717
Resistances: 2089, 2125

Infy - Infy opened low and broke our stop loss. We also switched to a short position. We will stat short with a stop loss at the recent high.
Trading Strategy: Stay short, with stop loss at 2204.
Supports: 1935-44, 1893
Resistances: 2199-2204, 2415

August 31, 2009, Nifty

Nifty made a strong up move last week. We will move our stop loss to Friday's low.
Trading Strategy: Stay long with, move stop loss to 4651
Supports: 4651, 4421, 4353
Resistances: 4731-46, 4812

August 31, 2009, Single Stock

RIL - Our stop loss of 1868 was not broken and we made good profits last week. We will move our stop loss to Friday's low of 2026.
Trading Strategy: Stay long, move stop loss to 2026
Supports: 2026, 1868, 1717
Resistances: 2089, 2125

Infy - Infy made a good uptrend last week. However Friday was a lower high and a lower low. We will mover our stop loss to Friday's low and expect to book profits today. If Infy breaks 2141, we will switch to short.
Trading Strategy: Stay long, move stop loss to 2141, If 2141 is broken, switch to short. Supports: 2141, 1935-44, 1893
Resistances: 2199, 2415

August 24, 2009, Nifty

Nifty made a higher high and a higher low on Friday. We will go long, with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 4353
Supports: 4353, 4250
Resistances: 4583, 4693, 4731-46

August 24, 2009, Single Stock

RIL - RIL broke 1871, but too support form 1868. We will stay long, but will close our position if there is a gap down opening on Monday. If you closed your position on Friday, go long on Monday, if there is no gap-down opening.
Trading Strategy: Stay long with a stop loss at 1868
Supports: 1868, 1717
Resistances: 2064, 2089

Infy - Infy made a higher high and higher low on Friday. We will stay long.
Trading Strategy: Stay long with stop loss at 1935
Supports: 1935-44, 1893
Resistances: 2115, 2142

August 21, 2009, Nifty

Nifty broke its support at 4373 and our stop loss was hit. However the support at 4359 was only just broken. We will wait and watch before taking another position
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 4353, 4250
Resistances: 4583, 4693, 4731-46

August 21, 2009, Single Stock

RIL - RIL made higher low, but a lower high. It was also a doji candle. 1871 looks like a strong support and was not broken on Tuesday. We will go long.
Trading Strategy: Go long with a stop loss at 1871
Supports: 1871, 1717
Resistances: 2064, 2089

Infy - On Tuesday, Infy broke 1944 but only just. Wednesday was a higher high and a higher low. We will go long with stop loss at the recent low.
Trading Strategy: Go long with stop loss at 1935
Supports: 1935-44, 1893
Resistances: 2115, 2142

August 19, 2009, Nifty

Nifty bounced back from Monday's low. We will stay long but move our stop loss up to Monday' low.
Trading Strategy: Stay long, move stop loss to 4373
Supports: 4373, 4359
Resistances: 4583, 4693, 4731-46

August 19, 2009, Single Stock

RIL - RIL made lower low and a lower high. However it was not a significantly lower low, and hence we will not take a short position, until we see the price action on Wednesday. We will waiting for 1871 to break before taking a short.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1871, 1717
Resistances: 2064, 2089

Infy - Infy made a lower low and a lower high. However it was a doji candle and our support at 1944 was not taken out. We will wait to see if this is broken or if Infy can bounce back from there.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1944, 1893
Resistances: 2115, 2142

August 18, 2009, Nifty

Nifty fell sharply on Monday yesterday. However the stop loss that we set was still not hit. We will stay long but keep stop losses strict.
The volatility that we predicted at the beginning of the month is coming through. Trading Strategy: Stay long with a stop loss at 4359
Supports: 4359, 3919
Resistances: 4583, 4693, 4731-46

August 18, 2009, Single Stock

RIL - RIL hit our stop loss and we booked profits. We will wait and watch before taking another position. made a higher high and a higher low. The support at 1943 was taken out today, so the bias is on the downside. We will waiting for 1871 to break before taking a short.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1871, 1717
Resistances: 2064, 2089

Infy - Infy made a lower low and a lower high. Our stop loss was hit and we closed our position. The next support for Infy is 1944. We will wait to see if this is broken or if Infy can bounce back from there.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1944, 1893
Resistances: 2115, 2142

August 17, 2009, Nifty

Nifty was almost flat on Friday. However it still made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 4359
Supports: 4421, 4359
Resistances: 4583, 4693, 4731-46

August 17, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, move stop loss to 2007.
Supports: 1943, 1717
Resistances: 2125, 2183

Infy - Nifty made a lower high and lower low. However our stop loss was not hit. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 1996
Supports: 1996, 1944
Resistances: 2115, 2142

August 14, 2009, Nifty

We hit our stop loss on our short on Thursday and booked profits. We will now switch to long.
Trading Strategy: Go long with a stop loss at 4359
Supports: 4421, 4359
Resistances: 4583, 4693, 4731-46

August 14, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with stop loss at 1943.
Supports: 1943, 1717
Resistances: 2125, 2183

Infy - Infy hit our stop loss on Wednesday and we booked profits. We will go long again with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 1996
Supports: 1996, 1944
Resistances: 2115, 2142

August 12, 2009, Nifty

Nifty made a lower low and a lower high. However the lower low was lower only by a single point. It looks like Nifty is finding some support from 4400. We will stay short but move our stop loss down to yesterday's high.
Trading Strategy: Stay short, move stop loss to 4511.
Supports: 4421, 4380-4400
Resistances: 4583, 4693, 4731-46

August 12, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will book profits and switch to long, but stay flexible
Trading Strategy: Book profits on the short. Go long with stop loss at 1973. If 1973 breaks switch back to short.
Supports: 1973, 1717
Resistances: 2125, 2183

Infy - Infy made a higher low but not a higher high. It was an inside day. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2059
Supports: 2059, 2025, 1944
Resistances: 2115, 2142

August 11, 2009, Nifty

As expected Nifty fell sharply. Nifty also broke the important support at 4421. This is a negative signal for this month. However we could see a pull back for the next few trading sessions.
Trading Strategy: Stay short, move stop loss to 4563.
Supports: 4421, 4380
Resistances: 4583, 4693, 4731-46

August 11, 2009, Single Stock

RIL - RIL made a lower high and a lower low. RIL seemed to take support just below 1988. We will stay short with the same stop loss.
Trading Strategy: Stay short with a stop loss at 2125
Supports: 1973, 1717
Resistances: 2125, 2183

Infy - Infy made a higher high and a higher low after Friday's hammer candle. We will go long with a stop loss at Friday's low.
Trading Strategy: Go long with a stop loss at 2025
Supports: 2025, 1944
Resistances: 2115, 2142

August 10, 2009, Nifty

As expected Nifty fell sharply. We will stay short but move our stop loss down. Trading Strategy: Stay short, move stop loss to 4583.
Supports: 4421, 4380
Resistances: 4583, 4693, 4731-46

August 10, 2009, Single Stock

RIL - RIL made a lower high and a lower low. We will go short with a stop loss at Thursday's high.
Trading Strategy: Go short with a stop loss at 2125
Supports: 1985, 1717
Resistances: 2125, 2183

Infy - Infy hit our stop loss and we booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1944, 1770
Resistances: 2107, 2142

August 7, 2009, Nifty

As expected Nifty fell sharply yesterday.Nifty made a lower high and a lower low. We will go short with a stop loss at recent high.
Trading Strategy: Go short with stop loss at 4731.
Supports: 4421, 4380
Resistances: 4693, 4731-46

August 7, 2009, Single Stock

RIL - RIL hit our stop loss and we booked profits. It was a higher high and a higher low, as well as a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2026,1871, 1717
Resistances: 2125, 2183

Infy - Infy made a lower high and a lower low. However it did not hit our stop losses. We will stay long but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2021
Supports: 2021-39, 1944
Resistances: 2107, 2142

August 6, 2009, Nifty

Nifty made a lower high and a lower low. It was also a doji candle. We hit our stop loss and booked our profits. We will wait and watch for a clearer signal before initiating a position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 4657, 4421, 4380
Resistances: 4693, 4731-46

August 6, 2009, Single Stock

RIL - RIL made a higher high and a higher low on Wednesday. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2032
Supports: 2032,1871, 1717
Resistances: 2084-9, 2113

Infy - On Wednesday Infy re started its uptrend with a higher high and a higher low. We will go long with a stop loss at Tuesday's low.
Trading Strategy: Go long with a stop loss at 2021
Supports: 2021-39, 1944
Resistances: 2107, 2142

August 5, 2009, Nifty

Nifty made a higher high and a higher low. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 4643.
Supports: 4643, 4421, 4380
Resistances: 4693, 4731-46

August 5, 2009, Single Stock

RIL - RIL made higher highs and higher lows on Monday and Tuesday. However Tuesday was a doji candle. We will stay long but move our stop loss up. We hit our stop loss on Friday and booked our profits. We will go long with a stop loss at the recent low.
Trading Strategy: Stay long, move stop loss to 2003
Supports: 2003, 1871, 1717
Resistances: 2067, 2089, 2113

Infy - Yesterday Infy broke its uptrend. We will book our profits.
Trading Strategy: Book profits and the long. Play for resistance/support breaks or bounces.
Supports: 2039, 1944
Resistances: 2093, 2142

August 3, 2009, Nifty

Nifty seemed to break out on the upside. However the recent high of 4693 was not breached. We will stay long on a straddle/strangle as we expect a major move in the Nifty in the next few trading sessions. It now looks like the move will be on the upside.
Trading Strategy: Switch to long if you did not on Friday. Stop loss should be 4421. For a safer play, long straddle/strangle.
Supports: 4421, 4380, 3919
Resistances: 4693, 4746

August 3, 2009, Single Stock

RIL - We hit our stop loss on Friday and booked our profits. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with stop loss at 1871
Supports: 1871, 1717
Resistances: 1995, 2089, 2113

Infy - Infy hit our stop loss and we closed our position. We will go long with stop loss at recent lows. Infy is now above its recent high at 2070.
Trading Strategy: Go long with stop loss at 1944
Supports: 1944, 1893-95, 1802
Resistances: 2079, 2142

July 31, 2009, Nifty

Nifty made another hammer candle, but with a higher high and a higher low than the previous. This is 4 consecutive signals of indecision. We can now expect major moves over the next few session.
Trading Strategy: Stay short with a stop loss at 4600, but this is risky. If we see a strong move above 4600 we will close and switch to long. For a safer play, long straddle/strangle.
Supports: 442, 4380, 3919
Resistances: 4600, 4650, 4680

July 31, 2009, Single Stock

RIL - RIL made a lower high and a higher low. It was an inside day for RIL. This indicates a possible trend reversal. Stay short. Move stop loss down. Keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1938
Supports: 1871, 1717
Resistances: 1995, 2089, 2113

Infy - Infy made a higher high and a higher low. How ever our stop loss has not been hit and we will stay short.
Trading Strategy: Stay short with stop loss at 2045
Supports: 1944, 1893-95, 1802
Resistances: 2045, 2070

July 30, 2009, Nifty

Nifty made hammer candle. This indicates clear indecision in the market. However it was a break out on the down side. We will take a risky short position with a strict stop loss.
Trading Strategy: If you did not go short on Wednesday, go short with a stop loss at 4600
Supports: 4380, 3919
Resistances: 4600, 4650, 4680

July 30, 2009, Single Stock

RIL - RIL made a lower low and a lower high. Stay short. Move stop loss down.
Trading Strategy: Stay short with stop loss at 1960
Supports: 1900, 1717
Resistances: 1995, 2089, 2113

Infy - Infy made a lower high and a lower low. Go short with stop loss at the recent high.
Trading Strategy: Go short with stop loss at 2045
Supports: 1893-95, 1802, 1751
Resistances: 2045, 2070

July 29, 2009, Nifty

Nifty made another doji candle with the same trading range. This indicated clear indecision in the market. We hit our stop loss and booked profits. We will wait for a break out on either side before taking a position. We may have false break outs as options expiry is on Thursday.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4529, 4505
Resistances: 4600, 4650, 4680

July 29, 2009, Single Stock

RIL - RIL made a lower low and a lower high. Stay short.
Trading Strategy: Stay short with stop loss at 1995
Supports: 1900, 1717
Resistances: 1995, 2089, 2113

Infy - Infy made a lower high and a lower low. Close the long and wait and watch before taking another position.
Trading Strategy: Book profits on the long. Play for resistance/support breaks or bounces.
Supports: 1893-95, 1802, 1751
Resistances: 2045, 2070

July 28, 2009, Nifty

Nifty made a higher high and a higher low. However it was a doji candle so we will move stop losses up and keep our stop loss strict.
Trading Strategy: Stay long, move stop loss to 4597.
Supports: 4597, 4505
Resistances: 4650, 4680

July 28, 2009, Single Stock

RIL - Our patience paid off as RIL fell sharply on Monday. We will move our stop loss down.
Trading Strategy: Stay short, move stop loss to 1995
Supports: 1900, 1717
Resistances: 1995, 2089, 2113

Infy - Infy continued to move up and made a higher high and a higher low. We will follow the uptrend.
Trading Strategy: Stay long, move stop loss to 1895
Supports: 1893-95, 1802, 1751
Resistances: 2045, 2070

July 27, 2009, Nifty

Nifty made a higher high and a higher low. It also broke the resistance at 4558. We will stay long.
Trading Strategy: Stay long, move stop loss to 4505.
Supports: 4505, 4365-80
Resistances: 4650, 4680

July 27, 2009, Single Stock

RIL - RIL hit made a higher low, and just managed a higher low. We will stay short but be prepared to close and switch to long on the break of resistances.
Trading Strategy: Stay short with a stop loss at 2089
Supports: 2001, 1963, 1925
Resistances: 2089, 2113

Infy - Infy broke 1994. It also made a higher high and a higher low.
Trading Strategy: In you are not already long, go long with a stop loss at 1893
Supports: 1893, 1802, 1751
Resistances: 2030-40, 2070

July 24, 2009, Nifty

Nifty made a lower high but also a higher low. The Nifty is now in a range between 4380 and 4558. We will take a position on a break out on either side. The bias is on the positive side since 4510 was taken out yesterday. We will take a risk long position.
Trading Strategy: Go long with stop loss at 4380.
Supports: 4365-80, 4143
Resistances: 4532, 4680

July 24, 2009, Single Stock

RIL - RIL hit made a higher low, but not a higher high. We will stay short but keep stop losses strict.
Trading Strategy: Stay short with a stop loss at 2089
Supports: 1963-93, 1925, 1717
Resistances: 2089, 2113

Infy - Infy made a higher low but also a lower high. We will wait for Infy to fall below 1900 before going short, or we will wait for Infy to break 1994 before going long.
Trading Strategy: Wait and watch for a break of support/resistance before taking a short/long position.
Supports: 1900, 1802, 1751
Resistances: 1994, 2030-40, 2070

July 23, 2009, Nifty

Nifty made a higher high but also a higher low. The resistance at 4510 was broken, but Nifty was not able to hold above it. We hit our stop loss and booked profits.
Trading Strategy: Wait and watch before taking a position.
Supports: 4365-72, 4143
Resistances: 4509-10, 4680

July 23, 2009, Single Stock

RIL - RIL hit our stop loss and we booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2089
Supports: 1969, 1925, 1717
Resistances: 2089, 2113

Infy - Nifty made a lower low but also a higher high. We will wait for Infy to fall below 1900 before going short.
Trading Strategy: Wait and watch for a break of support before taking a short position.
Supports: 1900, 1802, 1751
Resistances: 1994, 2030-40, 2070

July 22, 2009, Nifty

Nifty made a higher high and a higher low. However the resistance at 4510 was too strong to break. We will see if Nifty can make another attempt on 4510 in the next few sessions, or if it well settle into a down trend. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 4437
Supports: 4437, 4372, 3919
Resistances: 4509-10, 4680

July 22, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will move our stop loss up and stay long.
Trading Strategy: Stay long, move stop loss to 2007
Supports: 2007, 1925, 1717
Resistances: 2089, 2113

Infy - It was an inside day for Infy, indicating a possible reversal in the up trend.
Trading Strategy: Book profits in Infy. Wait and watch for a break of support before taking a short position. Keep stop loss at 1890
Supports: 1890, 1802, 1751
Resistances: 1994, 2030-40, 2070

July 21, 2009, Nifty

Nifty made a higher high and a higher low. It also broke the resistance at 4440. We will now look to see if Nifty can make a new high in the next few weeks, or if it will settle into a trading range. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 4378
Supports: 4378, 3919, 3877
Resistances: 4509-10, 4680

July 21, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long with the stop loss at recent low.
Trading Strategy: Stay long, with stop loss at 1925.
Supports: 1925, 1717, 1685
Resistances: 1968-80, 2113

Infy - Infy made a higher high and a higher low. Stay long. Move stop loss to 1870.
Trading Strategy: Stay long, with stop loss at 1870
Supports: 1870, 1802, 1751
Resistances: 1911, 2030-40, 2070

July 20, 2009, Nifty

Nifty made a higher high and a higher low. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 4230
Supports: 4230, 3919, 3877
Resistances: 4440, 4480

July 20, 2009, Single Stock

RIL - RIL made a higher low but not a higher high. We will stay long but move our stop loss up. Keep stop losses strict.
Trading Strategy: Stay long, move stop loss to 1925.
Supports: 1925, 1717, 1685
Resistances: 1968-80, 2113

Infy - Infy made a higher high and a higher low. It was a break out on the upside. Stay long. Move stop loss to 1802.
Trading Strategy: Stay long, with stop loss at 1751
Supports: 1802, 1751
Resistances: 1911, 2070

July 17, 2009, Nifty

Nifty made a higher high and a higher low. However it was a hammer candle. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, move stop loss to 4206
Supports: 3919, 3877
Resistances: 4212, 4480

July 17, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 1869
Supports: 1869, 1717, 1685
Resistances: 1937, 1980, 2113

Infy -Infy made a lower high as well as a higher low. It was also a doji candle. This means we could have a break out on either side in the next few sessions. 1820-1751 is the trading range. Stay long. But be prepared to switch to short if support is broken.
Trading Strategy: Stay long, with stop loss at 1751
Supports: 1751, 1665, 1600
Resistances: 1820, 1840, 2070

July 16, 2009, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 3919
Supports: 3919, 3877
Resistances: 4149, 4212, 4480

July 16, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long with a stop loss at the recent low. Yesterday was a hammer candle, so we will move our stop loss up.
Trading Strategy: Stay long, move stop loss to 1807
Supports: 1807, 1717, 1685
Resistances: 1937, 1983

Infy -Infy made a higher high as well as a lower low. However Infy did not break our stop loss. Stay long.
Trading Strategy: Stay long, with stop loss at 1751
Supports: 1665, 1600
Resistances: 1840, 2070

July 15, 2009, Nifty

Nifty made a gap up opening and we hit our stop loss in the opening trade. We will go long.
Trading Strategy: Go long with a stop loss at 3919
Supports: 3919, 3877
Resistances: 4149, 4212, 4480

July 15, 2009, Single Stock

RIL - RIL hit our stop loss yesterday and we booked our profits. RIL now looks like it is on an up trend. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with stop loss at 1717
Supports: 1717, 1685
Resistances: 1825, 1944, 1996

Infy -Infy made a higher high and a higher low. Stay long.
Trading Strategy: Stay long, but move stop loss to 1751
Supports: 1665, 1600
Resistances: 1840, 2070

July 14, 2009, Nifty

Nifty made a lower low and a lower high yesterday. We will go short. However yesterday was a hammer candle, so we will keep stop losses strict.
Trading Strategy: Go short with a stop loss at 4003
Supports: 3870, 3800
Resistances: 4149, 4298, 4480

July 14, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However it was a doji candle yesterday, signalling a possible end to the down trend. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1769
Supports: 1717, 1685
Resistances: 1769, 2052, 2183

Infy -Infy made a higher high and a higher low. We will go long with stop loss at the recent low.
Trading Strategy: Go long with stop loss at 1665
Supports: 1665, 1600
Resistances: 1775, 1819

July 13, 2009, Nifty

Nifty hit our stop loss and we booked profits. However the bias is still on the downside. We will wait to take a short position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 3800, 3538
Resistances: 4149, 4298, 4480

July 13, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 1890
Supports: 1731, 1685
Resistances: 1890, 2052, 2183

Infy -Infy hit our stop loss and we booked profits. We will wait and watch before taking a position. Infy made a lower low and a higher high on Friday, so we will wait for today's price action before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1665, 1600
Resistances: 1770, 1819

July 10, 2009, Nifty

Nifty made a doji, but it was still a lower high and a lower low. The next support is only at 3800 and then 3538. Stay short.
Trading Strategy: Stay short, move stop loss to 4115.
Supports: 3800, 3538
Resistances: 4298, 4480

July 10, 2009, Single Stock

RIL - RIL made an inside day. This could imply and end to the down trend. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1890
Supports: 1797, 1600
Resistances: 1890, 2052, 2183

Infy -Infy made a lower low and a lower high. Stay short. Today is results day for Infy so keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1738.
Supports: 1670, 1600
Resistances: 1819, 1911

July 9, 2009, Nifty

Nifty is now in a free-fall. The next support is only at 3800 and then 3538. Stay short. Moving averages also look bad for the Nifty.
Trading Strategy: Stay short, move stop loss to 4232.
Supports: 3800, 3538
Resistances: 4298, 4480

July 9, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. We will stay short.
Trading Strategy: Stay short, keep stop loss to 2052
Supports: 1797, 1600
Resistances: 2052, 2183, 2379

Infy -Infy did not bounce back after breaking its 20-EMA. The 20-EMA has been a strong support for Infy over the past 20 trading sessions. We could see a prolonged down move now.
Trading Strategy: Go short with stop loss at 1819
Supports: 1671-76, 1600
Resistances: 1819, 1911

July 8, 2009, Nifty

Yesterday was an inside day for the Nifty. It did not make a lower low or a higher high.
Trading Strategy: Stay short with a stop loss at 4298.
Supports: 4092, 3538
Resistances: 4298, 4480

July 8, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. We will stay short but move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2052
Supports: 1834, 1600
Resistances: 2052, 2183, 2379

Infy - Infy broke our stop loss yesterday and we booked profits. We will now wait and watch before taking a position. Infy has broken its 20 day EMA. If it does not bounce back today, we could see a down move over the next few sessions.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1701, 1676
Resistances: 1844, 1911

July 7, 2009, Nifty

Yesterday was budget day and as expected markets were down. Nifty broke its support at 4143, but only just. The next support for the Nifty is at 4092.
Trading Strategy: If you are not already short, go short with a stop loss at 4298.
Supports: 4092, 3538
Resistances: 4298, 4480

July 7, 2009, Single Stock

RIL - Budget day was bad as we had predicted. Most support levels were broken yesterday. The next support is at 1834 and then 1600.
Trading Strategy: Go short with a stop loss at 2183.
Supports: 1834, 1600
Resistances: 2183, 2379

Infy - Infy did come close to our stop loss but did not break it. We will stay long with the same stop loss.
Trading Strategy: Stay long with stop loss at 1745-50
Supports: 1745-50, 1701
Resistances: 1844, 1911

July 6, 2009, Nifty

Nifty made a higher high and a higher low. However our stop loss was not hit.
Trading Strategy: Stay short with a stop loss at 4440
Supports: 4143, 4092
Resistances: 4440,4693

July 6, 2009, Single Stock

RIL - Again on Friday we hit our stop loss and closed our position. We will wait for the market's reaction to the budget before taking a position. The bias is however on the downside.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1980, 1942
Resistances: 2183, 2379

Infy - Infy did come close to our stop loss but did not break it. We will stay long with the same stop loss.
Trading Strategy: Stay long with stop loss at 1745-50
Supports: 1745-50, 1701
Resistances: 1844, 1911

July 3, 2009, Nifty

Nifty made a higher high and a higher low. However our stop loss was not hit.
Trading Strategy: Stay short with a stop loss at 4440
Supports: 4143, 4092
Resistances: 4440,4693

July 3, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We hit our stop loss at 2113. Yesterday was also an engulfing candle. We will go long with a stop loss at yesterday's low.
Trading Strategy: Go long with short loss at 1988
Supports: 1988, 1942
Resistances: 2183, 2379

Infy - Infy did not make a higher high or a higher low. We will however stay long with the same stop loss.
Trading Strategy: Stay long with stop loss at 1745
Supports: 1745, 1701
Resistances: 1844, 1911

July 2, 2009, Nifty

Nifty made a lower high and a lower low. We will initiate a short position with a strict stop loss.
Trading Strategy: Go short with a stop loss at 4440
Supports: 4143, 4092
Resistances: 4440,4693

July 2, 2009, Single Stock

RIL - RIL made a lower high and a lower lower low. We hit our stop losses and booked profits. We will now initiate a short position with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2113
Supports: 1942, 1900
Resistances: 2113, 2379

Infy - Infy made a higher high and a higher low. It looks like the uptrend is starting again. We will go long with a strict stop loss
Trading Strategy: Go long with stop loss at 1758
Supports: 1758, 1701
Resistances: 1844, 1911

July 1, 2009, Nifty

Nifty made a lower high and a lower low. We hit our stop loss and booked profits. If Nifty is able to bounce from a support point above 4143, then the up-trend can be re-established. 4143 is a crucial support point which we will watch closely.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4267, 4143, 4092
Resistances: 4482, 4693

July 1, 2009, Single Stock

RIL - RIL made a lower high but not a lower low. The uptrend might be drawing to a close. Keep stop losses strict.
Trading Strategy: Stay long, move stop loss up to 2011
Supports: 2011, 1942, 1900
Resistances: 2037, 2379

Infy - Infy hit out stop loss and we booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1758, 1701, 1676
Resistances: 1844, 1911

June 30, 2009, Nifty

Nifty made a higher high and a higher low. However it was a doji candle. The 5 and 20 EMAs are also at the same point, which could be a strong support today. We will follow the up-move.
Trading Strategy: Stay long, move stop loss to 4339
Supports: 4339, 4143, 4092
Resistances: 4482, 4693

June 30, 2009, Single Stock

RIL - RIL made a higher high and a higher low. RIL also broke out of its 5 and 20 day EMAs. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 2005
Supports: 2005, 1942, 1900
Resistances: 2037, 2379

Infy - Infy made a higher high and a higher low yesterday. We will move our stop loss up, but stay long.
Trading Strategy: Stay long, move stop loss up to 1771
Supports: 1771, 1701, 1676
Resistances: 1844, 1911

June 29, 2009, Nifty

Nifty made a higher high and a higher low. We will follow the up-move.
Trading Strategy: Stay long, move stop loss to 4221
Supports: 4221, 4143, 4092
Resistances: 4693, 4482

June 29, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will go long with stop loss at recent low of 1942.
Trading Strategy: Go long with stop loss at 1942
Supports: 1942, 1900
Resistances: 2037, 2379

Infy - Infy made a higher high and a higher low yesterday. We will move our stop loss up, but stay long.
Trading Strategy: Stay long, move stop loss up to 1755
Supports: 1755, 1701, 1676
Resistances: 1844, 1911

June 26, 2009, Nifty

Nifty made a higher high and a higher low. Nifty also moved above its 5-day EMA. We will go long with a stop loss at recent low.
Trading Strategy: Go long with stop loss at 4143
Supports: 4143, 4092
Resistances: 4338, 4693

June 26, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However RIL did not break the support at 1900. We will see if this holds over the next few sessions.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1900, 1731
Resistances: 2023, 2379

Infy - Infy made a higher high and a higher low yesterday. However it was a doji candle. We will move our stop loss up, but stay long.
Trading Strategy: Stay long, move stop loss up to 1748
Supports: 1748, 1701, 1676
Resistances: 1789, 1844

June 25, 2009, Nifty

Nifty hit our stop loss yesterday and we booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance support breaks or bounces.
Supports: 4143, 4092
Resistances: 4338, 4693

June 25, 2009, Single Stock

RIL - RIL hit our stop loss and booked profits. 1900 is now a new support point. We will see if this holds over the next few sessions.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1900, 1731
Resistances: 2034, 2379

Infy - Infy made a higher high and a higher low yesterday. We will go long.
Trading Strategy: Go long with a stop loss at 1701
Supports: 1701, 1676
Resistances: 1789, 1844

June 24, 2009, Nifty

Nifty broke the support at 4207, however it was a doji candle. We will keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 4267
Supports: 4143, 4092
Resistances: 4343-52, 4693

June 24, 2009, Single Stock

RIL - RIL made lower low and a lower high yesterday. We will follow the down trend.
Trading Strategy: Stay short. Move stop loss to 2034.
Supports: 1880, 1731
Resistances: 2034, 2379

Infy - Infy moved down sharply yesterday and we hi our stop loss and booked profits. Yesterday was also a doji candle. We will wait and watch for today's price action before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1701, 1676
Resistances: 1789, 1844

June 23, 2009, Nifty

ifty made a higher low and a higher high yesterday. There could be a pause in the downmove.
Trading Strategy: If Nifty does not fall below 4207, close the short and go long with a stop loss at 4207.
Supports: 4207, 4092
Resistances: 4375, 4693

June 23, 2009, Single Stock

RIL - RIL made lower low and a lower high yesterday. We will follow the down trend.
Trading Strategy: Stay short. Move stop loss to 2050
Supports: 1977, 1880
Resistances: 2050, 2120

Infy - Infy made a higher high and a higher low yesterday. We will stay long. Trading Strategy: Stay long, move stop loss to 1748
Supports: 1748, 1676
Resistances: 1844 , 1911

June 22, 2009, Nifty

Nifty made a lower low and a lower high on Friday. The next support is at 4092. Stay short
Trading Strategy: Stay short with stop loss at 4375
Supports: 4092, 3538
Resistances: 4375, 4693

June 22, 2009, Single Stock

RIL - RIL made lower low and a lower high on Friday. However it was a doji candle. This could signal the end of the down move in RIL. Keep stop losses strict.
Trading Strategy: Stay short. Move stop loss to 2062
Supports: 1977, 1880
Resistances: 2062, 2120

Infy - Infy made a higher high and a higher low on Friday. We will stay long. Trading Strategy: Stay long with stop loss at 1676
Supports: 1676, 1601
Resistances: 1844 , 1911

June 19, 2009, Nifty

Nifty did not find a support above 4365. It broke 4365 and is on its way down. The next support is at 4092. Go short with stop loss at 4375.
Trading Strategy: Go short with stop loss at 4375
Supports: 4092, 3538
Resistances: 4375, 4693

June 19, 2009, Single Stock

RIL - RIL continued on its downtrend after breaking its support. We will initiate a short with strict stop losses.
Trading Strategy: Go short with stop loss at 2120
Supports: 1880, 1731
Resistances: 2120, 2379

Infy - We hit our stop loss on Tuesday and booked profits. We will no initiate a long position in Infy, since it made a higher high and higher low yesterday.
Trading Strategy: Go long with stop loss at 1676
Supports: 1676, 1601
Resistances: 1844 , 1911

June 17, 2009, Nifty

Nifty seems to be on a down trend but has not yet hit our stop loss at 4635. We will wait and watch today and close our position if needed. If Nifty can find a support above 4365, then it can continue its medium term up move.
Trading Strategy: Stay long with stop loss at 4365
Supports: 4365, 4238
Resistances: 4540, 4693

June 17, 2009, Single Stock

RIL - RIL broke its support at 2160. We hit our stop loss and closed our position. We will wait and watch for today's trading before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2091, 2000
Resistances: 2379, 2535

Infy - Infy did not make a lower low, but did not make a higher high. Keep stop losses strict and stay flexible.
Trading Strategy: Stay short, move stop loss to 1735
Supports: 1672, 1601
Resistances: 1735, 1844

June 16, 2009, Nifty

Nifty seems to be on a down trend but has not yet hit our stop loss at 4635. We will wait and watch today and close our position if needed. If Nifty can find a support above 4365, then it can continue its medium term up move.
Trading Strategy: Stay long with stop loss at 4365
Supports: 4365, 4238
Resistances: 4693, 4723

June 16, 2009, Single Stock

RIL - RIL fell sharply yesterday and closed just above our stop loss of 2160. We will wait and watch today before closing our position. Keep stop losses strict and be flexible.
Trading Strategy: Stay long with a stop loss at 2160.
Supports: 2160-75, 2091
Resistances: 2379, 2535

Infy - Infy is now clearly on a down trend. Though we are late in spotting it, we will take a short position with a stop loss at yesterday's high.
Trading Strategy: Go short with stop loss at 1776
Supports: 1666, 1601
Resistances: 1776, 1844

June 12, 2009, Nifty

Nifty broke out and made a new high of 4689 on Wednesday. However it now seems to be retracing from there. Yesterday was a lower high. If Nifty can find a support above 4365, then it can continue its medium term up move.
Trading Strategy: Stay long with stop loss at 4365
Supports: 4365, 4238
Resistances: 4723, 5106