February 27, 2009, Nifty

NIfty moved up sharply yesterday, however it hit our stop loss and we booked profits. We will wait for a signal for the next trade.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2731, 2661
Resistances: 2806, 2969

February 27, 2009, Single Stock

RIL - RIL made a higher high but also a lower low.We will stay long with strict stop losses.
Trading Strategy: Stay long. Move stop loss to 1266.
Supports: 1266, 1201
Resistances: 1333, 1392

Infy - Infy made a higher high and higher low. It also moved about its 5,20 and 50 EMA. However since yesterday was expiry we will wait for today before initiating a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1240, 1341

February 26, 2009, Nifty

As predicted Nifty moved up sharply yesterday. We will move our stop loss up and follow the uptrend.
Trading Strategy: Move stop loss to 2733.
Supports: 2733, 2661
Resistances: 2806, 2969

February 26, 2009, Single Stock

RIL - RIL made a higher high and higher low. We will initiate a long position to day.
Trading Strategy: Go long with stop loss at . Keep stop losses strict as there could be sharp moves due to expiry.
Supports: 1201, 1107
Resistances: 12767, 1333

Infy - Infy made a higher high and higher low. However there is no clear trend we can identify. We will wait for a break out on either side before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1230, 1341

February 25, 2009, Nifty

Nifty made a lower low and a lower high. However yesterday was a doji, a clear trend reversal signal. markets have rallied last night. Asia is up. Nifty could open up.
Trading Strategy: Go long with a stop loss at 2661
Supports: 2661, 2570
Resistances: 2806, 2969

February 25, 2009, Single Stock

RIL - RIL bounced sharply from its support yesterday. However it still made a lower high and a lower low. We will wait for today's price action before taking a position
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1201, 1107
Resistances: 1274, 1333

Infy - Infy made a lower low and a lower high. We will wait for a break out on either side before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1195-1200, 1241

February 24, 2009, Nifty

Nifty made a lower low and a lower high. Our stop loss was hit on Friday and we closed our position. US markets have broken six-year lows. Asia is down. Nifty could open down.
Trading Strategy: Play for resistance/support breaks/bounces.
Supports: 2661, 2570
Resistances: 2806, 2969

February 24, 2009, Single Stock

RIL - Our reversal position was premature. RIL made a lower low and a lower high on Friday, however it was above our stop loss of 1240. Friday was also a doji, indication a strong break out on either side soon. Watch for resistance/support breaks to initiate trades.
Trading Strategy: Close open long if RIL goes below 1240. Play for resistance/support breaks or bounces.
Supports: 1240, 1107
Resistances: 1333, 1414

Infy - Infy hit our stop loss and we booked profits.We will wait and watch for a clear trend to set in.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1200, 1241

February 20, 2009, Nifty

Nifty made a higher low but did not make a higher high. It was also a limited trading range, indicating indecision in the market. US markets are not at six-year lows. Asia is down. Nifty could open down.
Trading Strategy: Stay long with stop loss at 2736
Supports: 2736, 2661
Resistances: 2969, 3147

February 20, 2009, Single Stock

RIL - RIL made and inside day and a doji. This is a strong signal for a reversal. Trading Strategy: Go long with stop loss at 1240.
Supports: 1240, 1107
Resistances: 1333, 1414

Infy -As predicted Infy was up sharply yesterday. Follow the uptrend.
Trading Strategy: Move stop loss to yesterday's low of 1172
Supports: 1172, 1115-9
Resistances: 1220, 1241

February 19, 2009, Nifty

As predicted Nifty bounced from supports yesterday to end in the green. However it still made a lower high and a lower low. If Nifty does not make a new low today, go long
Trading Strategy: Long with stop loss at 2736
Supports: 2736, 2661
Resistances: 2969, 3147

February 19, 2009, Single Stock

RIL - RIL made and engulfing candle yesterday. Book profits on the short. Wait and watch for confirmations signals today.
Trading Strategy: close short. Play for resistances/supports breaks or bounces.
Supports: 1107, 1025
Resistances: 1333, 1414

Infy -A graveyard doji for Infy yesterday! A strong reversal sign.
Trading Strategy: Book profits on the short. Initiate a long position with stop loss at 1115
Supports: 1115-9, 1065
Resistances: 1219, 1256

February 18, 2009, Nifty

Nifty is clearly on a downtrend. US markets crashed overnight, so we should open gap down. Look for a bounce from supports.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2755, 2661
Resistances: 2969, 3147

February 18, 2009, Single Stock

RIL - RIL is now clearly on a down trend. We will follow it with strict stop losses.
Trading Strategy: Short with stop loss at 1414
Supports: 1271, 1107
Resistances: 1333, 1414

Infy -Infy broke the support at 1191. Stay short. Move the stop loss down to 1219
Trading Strategy: Short with stop loss at 1219
Supports: 1119, 1065
Resistances: 1219, 1256

February 17, 2009, Nifty

Nifty broke out as we expected. However the break out was on the down side. So we hit our stop loss. We will wait for a confirmation signal from today's session before going short. Asia is down this morning so we should should open a touch down.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2755, 2661
Resistances: 2969, 3147

February 17, 2009, Single Stock

RIL - RIL has clearly broken out on the down side, however we will wait for confirmation as yesterday was a sharp move.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1271, 1107
Resistances: 1414, 1505

Infy -Infy is on a clear down trend. Go short with strict stop losses.
Trading Strategy: Short with stop loss at 1325
Supports: 1191, 1065
Resistances: 1256, 1325

February 16, 2009, Nifty

Nifty did not give any conclusive signal. Friday indicated that the break out is likely on the upside. Nifty has been range bound for the last few sessions. Watch closely for break outs on upside or downside. Asia is down this morning so Nifty should open down a touch.
Trading Strategy: Go long with a stop loss at 2877
Supports: 2887, 2755
Resistances: 2969, 3147

February 16, 2009, Single Stock

RIL - RIL hit our stop loss on Friday. We will now wait and watch to see if a strong uptrend develops or if RIL begins a down trend again.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1345, 1271
Resistances: 1414, 1505

Infy - Clearly Infy is trading in a range. We will wait and watch for a break out on either side.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1238, 1191
Resistances: 1414, 1505

February 13, 2009, Nifty

Nifty did not give any conclusive signal. Nifty has been range bound for the last few sessions. Watch closely for break outs on upside or downside. Asia is up this morning so Nifty should open up a touch.
Supports: 2887, 2755
Resistances: 2957, 3147

February 13, 2009, Single Stock

RIL - RIL is clearly on a down trend after making a lower low and a lower high. Trading Strategy: Short with stop loss at 1414
Supports: 1296, 1271
Resistances: 1414, 1505

Infy - Infy is clearly on a down trend. However we remain cautious after the strong down move yesterday.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1238, 1191
Resistances: 1325, 1447

February 12, 2009, Nifty

Nifty broke its uptrend yesterday. We hit our stop loss and booked profits. We will wait to see if this is a pause in the uptrend or if there will be a downtrend. Yesterday was also a doji candle indicating high possibility of a trend reversal. Asia is down this morning so Nifty should open down.
Supports: 2892, 2755
Resistances: 2957, 3147

February 12, 2009, Single Stock

RIL - RIL broke its uptrend yesterday. We hit our stop loss and booked profits. We will wait to see if this is a pause in the uptrend or if there will be a downtrend.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1365, 1271
Resistances: 1414, 1505

Infy - Infy broke its uptrend yesterday. We hit our stop loss and booked profits. We will wait to see if this is a pause in the uptrend or if there will be a downtrend.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1238, 1191
Resistances: 1325, 1447

February 11, 2009, Nifty

Nifty continued on its uptrend yesterday. We will follow this but keep our stop losses strict. Asia is down this morning, so we are looking at our supports closely.
Trading strategy: Stay long, but be ready to book profits. Stop loss is 2892
Supports: 2876-92, 2754
Resistances: 3147, 3240

February 11, 2009, Single Stock

RIL - RIL continues on its uptrend. We will follow.
Trading Strategy: Stay long. Move stop loss up to with a stop loss at 1372
Supports: 1372, 1271
Resistances: 1406, 1505

Infy - Infy made a higher high and a higher low. We will follow this uptrend.
Trading Strategy: Go long with a stop loss at 1238
Supports: 1290-1295, 1238
Resistances: 1314-19, 1447

February 10, 2009, Nifty

We are back!

Nifty is clearly on an uptrend. We will follow this but keep our stop losses strict.
Trading strategy: Go long with stop loss at 2840
Supports: 2840, 2754
Resistances: 3147, 3240

February 10, 2009, Single Stock

Finally we are back!
RIL - RIL has been on a clear uptrend since Feb 6. We are joining this uptrend late but we will join it anyway.
Trading Strategy: Go long with a stop loss at 1341
Supports: 1341, 1271
Resistances: 1386-1400, 1505

Infy - Infy made a higher high and a higher low. We will follow this uptrend.
Trading Strategy: Go long with a stop loss at 1238
Supports: 1290, 1238
Resistances: 1314-19, 1447

February 2, 2009, Nifty

Apologies - We apologize for not posting on Thursday and Friday due to infrastructure issues. These should be sorted out by the end of this week and we hope to come back to more regular posting

Nifty made a higher high and higher low on Friday. Nifty closed on the support at 2874. We will look at Monday's opening. A gap up opening would be a positive signal.

Trading strategy: Play for resistances/supports breaks or bounces.
Supports: 2821, 2662
Resistances: 2874, 3142

February 2, 2009, Single Stock

Apologies - We apologize for not posting on Thursday and Friday due to infrastructure issues. These should be sorted out by the end of this week and we hope to come back to more regular posting.

RIL - Friday was a engulfing candle, indicating a reversal in the uptrend. RIL also failed to break its previous high of 1335.
Trading Strategy: Go short with a stop loss at 1335
Supports: 1262, 1107
Resistances: 1335, 1390

Infy - Infy made a lower low on Friday and we will book our profits. We will wait to see if this is a pause in the uptrend or a trend reversal.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1283-1287, 1191
Resistances: 1319, 1447