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.