March 27, 2009, Nifty

Nifty made a higher low but and higher high. Keep stop losses strict. Asian markets are up this morning. Nifty could open a touch up.
Trading Strategy: Stay long. Move stop loss to 2982.
Supports: 2982, 2772
Resistances: 3017 , 3147

March 27, 2009, Single Stock

RIL - RIL moved up sharply yesterday. However it was expiry and we will not give much weight to yesterday's signal. Keep stop losses strict.
Trading Strategy: Stay long, mover stop loss to 1523
Supports: 1523, 1450
Resistances: 1610, 1959

Infy - Infy made a higher high and a higher low.
Trading Strategy: Stay long. Move stop loss to 1342
Supports: 1342, 1257
Resistances: 1360, 1447

March 26, 2009, Nifty

Nifty made a higher low but not a higher high. The uptrend could be finally at an end. Keep stop losses strict. Asia markets are up this morning. Nifty could open a touch up.
Trading Strategy: Stay long. Move stop loss to 2923.
Supports: 2923, 2772
Resistances: 3017 , 3147

March 26, 2009, Single Stock

RIL - RIL moved up sharply yesterday. However it was expiry and we will not give much weight to yesterday's signal. Keep stop losses strict.
Trading Strategy: Stay long, mover stop loss to 1450
Supports: 1450, 1320-26
Resistances: 1610, 1959

Infy - Infy made a lower high but not a lower low. This could be the begining of a down trend. Keep stop losses strict.
Trading Strategy: Stay long. Move stop loss to 1312
Supports: 1312, 1257
Resistances: 1360, 1447

March 25, 2009, Nifty

Yesterday was a hammer candle for Nifty, indicating a possible reversal in trend. Keep stop losses strict. Asia markets are mixed this morning. Nifty could open a touch down.
Trading Strategy: Stay long. Move stop loss to 2915.
Supports: 2915, 2772
Resistances: 3017 , 3147

March 25, 2009, Single Stock

RIL - RIL moved up sharply yesterday. However it was another doji candle. Keep stop losses strict.
Trading Strategy: Stay long, mover stop loss to 1440
Supports: 1440, 1320-26
Resistances: 1475, 1505

Infy - Infy made a higher high and a higher low yesterday. We will follow the uptrend.
Trading Strategy: Stay long. Move stop loss to 1311
Supports: 1311, 1257
Resistances: 1360, 1447

March 24, 2009, Nifty

Nifty broke out of its resistance at 2836. We will go long, but keep stop losses strict. Asia is up this morning, so Nifty should open a touch up.
Trading Strategy: Stay long. Move stop loss to 2807.
Supports: 2807, 2502
Resistances: 2969 , 3147

March 24, 2009, Single Stock

RIL - RIL moved up sharply yesterday. Once again a break out after a doji. We will go long with strict stop losses.
Trading Strategy: Go long with a stop loss at 1320
Supports: 1320-26, 1115
Resistances: 1505, 1668

Infy - Infy made a higher high and a higher low yesterday. We will follow the uptrend.
Trading Strategy: Stay long. Move stop loss to 1295
Supports: 1295-99, 1257
Resistances: 1447 , 1660

March 23, 2009, Nifty

Nifty made a higher low but not a higher high. It was also a doji candle on Friday. The uptrend in the Nifty looks like it is coming to a close. Keep stop losses strict. Asia is up this morning, so Nifty should open a touch up.
Trading Strategy: If you did not book profits on Friday, book profits today. Move stop loss to 2784.
Supports: 2784, 2502
Resistances: 2836, 2969

March 23, 2009, Single Stock

RIL -RIL made a doji candle on Friday. We will wait to confirm if this is a pause in the uptrend or the end of it. However keep stop losses strict.
Trading Strategy: Play for resistances, supports breaks or bounces. If you still have an open long, close it. If you have an open short, keep stop loss at 1362.
Supports: 1320-26, 1115
Resistances: 1362, 1401

Infy -Infy made a higher high and a higher low on Friday.
Trading Strategy: Go long with a stop loss at 1257.
Supports: 1283, 1257
Resistances: 1323, 1447

March 20, 2009, Nifty

Nifty made a higher low but not a higher high. The uptrend in the Nifty looks like it is coming to a close. Keep stop losses strict. Asia is down this morning, so Nifty should open a down.
Trading Strategy: Move stop loss to 2771. Book profits today.
Supports: 2771, 2502
Resistances: 2836, 2969

March 20, 2009, Single Stock

RIL -RIL failed to make a higher high but did make a higher low. We will wait to confirm if this is a pause in the uptrend or the end of it. However keep stop losses strict.
Trading Strategy: Stay long. Move stop loss to 1320. If RIL closes below 1326, close the long position.
Supports: 1320-26, 1115
Resistances: 1401, 1505

Infy -Infy rose yesterday, and we hit our stop loss. We will wait for a clear trend to emerge before taking another position in Infy.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1276, 1257
Resistances: 1314, 1447

March 19, 2009, Nifty

Nifty made a higher high and a higher low. However the uptrend in the Nifty looks like it is coming to a close. Keep stop losses strict. Asia is up this morning, so Nifty should open a touch up.

Trading Strategy: Stay long, move stop loss to 2752
Supports: 2752, 2502
Resistances: 2805, 2969

March 19, 2009, Single Stock

RIL -RIL made a higher high and a higher low. RIL seems to be continuing on its uptrend. However keep stop losses strict.
Trading Strategy: Stay long. Move stop loss to 1315
Supports: 1315, 1115
Resistances: 1401, 1505

Infy -Infy rose yesterday, however it did not reach our stop loss at 1303. Keep stop loss strict.
Trading Strategy: Stay short with strict stop loss at 1302.
Supports: 1259, 1115
Resistances: 1302-1315, 1447

March 18, 2009, Nifty

Nifty made a higher high and a higher low. However the uptrend in the Nifty looks like it is coming to a close. Keep stop losses strict. Asia is up this morning, so Nifty should open a touch up.

Trading Strategy: Stay long, move stop loss to 2737
Supports: 2737, 2502
Resistances: 2805, 2969

March 18, 2009, Single Stock

RIL -RIL made a higher high and a higher low. However it looks like the uptrend is coming to a close. Keep stop losses strict.
Trading Strategy: Stay long. Move stop loss to 1293
Supports: 1300, 1115
Resistances: 1401, 1505

Infy - Infy was not able to break 1315. It was another hammer candle for Infy yesterday. We will initiate a short position today.
Trading Strategy: Go short with strict stop loss at 1303.
Supports: 1259, 1115
Resistances: 1303-1315, 1447

March 17, 2009, Nifty

Nifty made a higher high and a higher low. The uptrend in Nifty continues.

Trading Strategy: Stay long, move stop loss to 2701
Supports: 2701, 2502
Resistances: 2785 , 2804

March 17, 2009, Single Stock

RIL -RIL made a higher high and a higher low. RIL is continuing on an uptrend. We will follow the uptrend.
Trading Strategy: Stay long. Move stop loss to 1271
Supports: 1271, 1115
Resistances: 1401, 1505

Infy - Infy was not able to break 1315. It was also a hammer candle for Infy yesterday. We will look to initiate a short position in Infy today.
Trading Strategy: Play for resistance/support breaks or bounces. If Infy closes below 1256, go short.
Supports: 1240-56, 1115
Resistances: 1315, 1447

March 16, 2009, Nifty

Nifty made a higher high and a higher low. The uptrend in Nifty continues.

Trading Strategy: Stay long, move stop loss to 2616
Supports: 2616, 2502
Resistances: 2747, 2785

March 16, 2009, Single Stock

RIL -RIL made a higher high and a higher low. RIL is continuing on an uptrend. We will follow the uptrend.
Trading Strategy: Stay long. Move stop loss to 1202.
Supports: 1202, 1115
Resistances: 1217, 1317

Infy - Infy is now clearly in an uptrend. If Infy is able to break out at 1315, that will be a good long term signal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1240, 1115
Resistances: 1315, 1447

March 13, 2009, Nifty

Nifty made a higher high and a higher low. We see this as a possible beginning of an uptrend.
Trading Strategy: Stay long, with a stop loss at 2539
Supports: 2539, 2502
Resistances: 2646, 2747

March 13, 2009, Single Stock

RIL -RIL made a higher high and a higher low. RIL is in the beginning of an uptrend. We will follow the uptrend.
Trading Strategy: Stay long. Move stop loss to 1158.
Supports: 1158, 1115
Resistances: 1217, 1317

Infy - Infy broke the strong resistance at 1240. However Infy was not able to sustain its gains and closed the day much lower.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1152, 1115
Resistances: 1255, 1325

March 12, 2009, Nifty

Another range bound day for the nifty. We will wait for today and take a position at the end of the day. If nifty closes above 2605 go long.
Trading Strategy: Play for resistance support beaks or bounces.
Supports: 2539, 2502
Resistances: 2620, 2747

March 12, 2009, Single Stock

RIL -RIL made a higher high but not a higher low. It was also an inside day for RIL. We will look to initiate a long position today.
Trading Strategy: Go long with a stop loss at 1115
Supports: 1115, 1065
Resistances: 1171, 1217

Infy - Infy was range bound yesterday. It was also a doji for Infy. We will look for a confirmation signal today before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1152, 1115
Resistances: 1199, 1240

March 09, 2009, Nifty

Another range bound day for the nifty. We will wait for today and take a position at the end of the day. If nifty closes above 2620 go long.
Trading Strategy: Play for resistance support beaks or bounces.
Supports: 2539, 2502
Resistances: 2620, 2747

March 09, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However RIL hit our stop loss and we booked profits.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1107, 1065
Resistances: 1182, 1217

Infy - Infy was range bound on Friday and did not make a conclusive move in either way. We will wait for a clear signal before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1146, 1115
Resistances: 1199, 1240

March 06, 2009, Nifty

Another inside day for the nifty. We will wait for today and take a position at the end of the day. If nifty closes above 2676 go long.
Trading Strategy:
Supports: 2611, 2570
Resistances: 2688, 2747

March 06, 2009, Single Stock

RIL - RIL made a lower low but not a higher high. Keep stop losses strict. RIL broke the support at 115, but only just.
Trading Strategy: Stay short. Move stop loss to 1175
Supports: 1155, 1107
Resistances: 1217, 1297

Infy - Infy formed an engulfing candle yesterday. Another reversal sign. The probability is for the move on the down side. We will wait to take a short position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1146, 1115
Resistances: 1199, 1240

March 05, 2009, Nifty

Nifty made a lower high but did not make a lower low. Hence we booked our profits. Asia is up this morning so Nifty should open gap up.

Trading Strategy: We booked profits yesterday. Play for resistances/supports breaks or bounces.
Supports: 2611, 2570
Resistances: 2688, 2747

March 05, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. Keep stop losses strict. Yesterday RIL touched a major support at 1155. A bounce of break from this support will be a strong medium term indicator.
Trading Strategy: Move stop loss to 1217
Supports: 1155, 1107
Resistances: 1217, 1297

Infy - Infy formed adoji yesterday. Multiple reversal signs in the last few sessions indicate that Infy is going to make a sustained move. The probability is for the move on the upside, but we will wait to confirm this.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1191, 1115
Resistances: 1223-1240, 1341

March 04, 2009, Nifty

Nifty made a lower low and lower high yesterday. We will move our stop loss and follow the trend. Asia is up this morning so Nifty should open gap up. Look to book profits today.
Trading Strategy: Stay short. Move stop loss to 2688.
Supports: 2570, 2502
Resistances: 2688, 2747

March 04, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. Keep stop losses strict.
Trading Strategy: Move stop loss to 1251
Supports: 1107, 1065
Resistances: 1251, 1297

Infy - Infy formed and inside day yesterday. The probability for a sharp move today is very high. Keep stop losses strict.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1191, 1115
Resistances: 1240, 1341

March 03, 2009, Nifty

Nifty made a lower low and lower high yesterday. We will move our stop loss and follow the trend. Asia is down this morning and Nifty should open gap down. Look for a bounce/break of the support at 2570.
Trading Strategy: Stay short. Move stop loss to 2764.
Supports: 2570, 2502
Resistances: 2747, 2797-2806

March 03, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. However yesterday was a doji indicating a sharp move today or tomorrow. Keep stop losses strict.
Trading Strategy: Move stop loss to Go short, with stop loss at 1264.
Supports: 1201, 1107
Resistances: 1264, 1297

Infy - Infy made a lower low and a lower high yesterday. However yesterday was a doji indicating a sharp move today or tomorrow. Keep stop losses strict.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1240, 1341

March 02, 2009, Nifty

Nifty made a lower low and lower high. We will go short with strict stop losses.
Trading Strategy: Go short with stop loss at 2797
Supports: 2731, 2661
Resistances: 2797-2806, 2969

March 02, 2009, Single Stock

RIL - RIL hit our stop losses on Friday, and we booked profits. RIL made a lower high and a lower low. We will look to initiate a short position today.
Trading Strategy: Go short, with stop loss at 1297.
Supports: 1266, 1201
Resistances: 1297, 1333

Infy - Friday was an inside day for Infy, indicating trend reversal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1120, 1065
Resistances: 1240, 1341