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)