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