May 27, 2009, Nifty

On Monday, Nifty hit our stop loss and we booked profits. We missed out on the down move yesterday. Asia is up this morning, so Nifty should open up.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 4171, 3535
Resistances: 4509, 4723

May 27, 2009, Single Stock

RIL - RIL seems to be trading in a narrow range between 2091 and 2215. Wait and watch for a break out on either side.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2091, 1843
Resistances: 2215, 2535

Infy - On Monday, we hit our stop loss at 1529 and booked profits. Yesterday was a higher high and a higher low. We will initiate a long position.
Trading Strategy: Go long with stop loss at 1485
Supports: 1485-98, 1418
Resistances: 1529, 1681

May 25, 2009, Nifty

Nifty continued on its downtrend. However the trend is looking weak. Keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 4250
Supports: 4171, 3535
Resistances: 4509, 4723

May 25, 2009, Single Stock

RIL - RIL made an engulfing candle on Friday, indicating a trend reversal. Look for a break of 2091 to initiate a short position
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2091, 1843
Resistances: 2500, 2535

Infy - Infy continued on its downtrend. We will continue to follow the downtrend in Infy.
Trading Strategy: Stay short. Move stop loss to 1529.
Supports: 1492-98, 1418
Resistances: 1529, 1681

May 21, 2009, Nifty

Yesterday was another restrcited trading range for the Nifty. The inidcations are for a break out on the downside. Asia is down this morning, so Nifty could open a touch down.
Trading Strategy: Stay short with stop loss at 4509
Supports: 3535, 3352
Resistances: 4509, 4723

May 21, 2009, Single Stock

RIL - RIL is still within the trading range though it is closer to the bottom. Look for a break out on the downside to take a position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2101, 1843
Resistances: 2500, 2535

Infy - As we predicted, Infy is on a downtrend. We will continue to follow the downtrend in Infy.
Trading Strategy: Stay short. move stop loss to 1608.
Supports: 1492-98, 1418
Resistances: 1681, 1795

May 20, 2009, Nifty

The strong price action over the last two trading sessions indicates that this is the end of the bear-market rally.
Trading Strategy: Go short with stop loss at 4509
Supports: 3535, 3352
Resistances: 4509, 4723

May 20, 2009, Single Stock

RIL - RIL was part of the surge as expected. There was also a sharp pull-back. The last couple of trading sessions have set a new trading range for RIL.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2101, 1843
Resistances: 2500, 2535

Infy - Infy is actually below its pre-election price. This means that the 1600-1700 is a strong resistance zone for Infy. Yesterday was also a lower low and a lower high.
Trading Strategy: Go short with stop loss at 1681.
Supports: 1492-98, 1418
Resistances: 1681, 1795

May 19, 2009

Since market hit the circuit yesterday, it will be difficult to judge any price action. All resistances have been breached. We will wait and watch today, before taking any positions.

May 18, 2009, Nifty

As expected Nifty should break our today. The break out will be on the upside. We will hit our stop loss and close our position.
Trading Strategy: Stay short, Keep stop loss at 3711-17
Supports: 3535, 3352
Resistances: 3711-17, 4001

May 18, 2009, Single Stock

RIL - Markets will probably surge this morning on the election results. We expect our stop losses to be hit. We will wait for signals over the next few days before taking a new position.
Trading Strategy: Stay short with stop loss at 1975. (Stop loss will be hit today)
Supports: 1843, 1731
Resistances: 1938, 1975

Infy - Infy hit our stop loss on Friday and we booked profits. We will wait and watch before taking a new position
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1492-98, 1418
Resistances: 1607, 1636

May 15, 2009, Nifty

Nifty made another hammer candle yesterday. We could expect a strong break out on either side. Asia is up this morning, Nifty should open a touch up.
Trading Strategy: Stay short, Keep stop loss at 3711-17
Supports: 3535, 3352
Resistances: 3711-17, 4001

May 15, 2009, Single Stock

RIL - RIL looks like it is on a downtrend. We will go short with strict stop losses.
Trading Strategy: Short with stop loss at 1975
Supports: 1843, 1731
Resistances: 1938, 1975

Infy - Infy continued on its downtrend. We will follow it and keep stop losses strict.
Trading Strategy: Stay short. move stop loss to 1588
Supports: 1492-98, 1418
Resistances: 1605, 1636

May 14, 2009, Nifty

Nifty did not break our stop loss and we are still short on the Nifty. Asia is down this morning and we should have a gap down opening. Enjoy!
Trading Strategy: Stay short with stop loss at 3711
Supports: 3535, 3352
Resistances: 3711-17, 4001

May 14, 2009, Single Stock

RIL - RIL made a hammer candle, indicating a trend reversal. We have been seeing trend reversal signs for the past few days and expect a strong trend to show itself in the next few sessions. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1843, 1731
Resistances: 1938, 1975

Infy - Infy failed to reach its previous high of 1636 and is now on a medium-term downtrend. We will go short with strict stop losses.
Trading Strategy: Short with stop loss at 1636
Supports: 1492, 1418
Resistances: 1605, 1636

May 13, 2009, Nifty

Nifty made lower low, but also a higher high. We will stay with our short position but keep the stop loss strict.
Trading Strategy: Stay short with stop loss at 3711
Supports: 3535, 3352
Resistances: 3711-17, 4001

May 13, 2009, Single Stock

RIL - On first signs it looks like a break-out on the upside for RIL. However yesterday was an engulfing candle indicating a trend reversal. We hit our stop loss yesterday and closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1843, 1731
Resistances: 1938, 1971

Infy - As expected Infy rose sharply yesterday and we booked profits. We will now wait and watch for a few more trading sessions before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1492, 1418
Resistances: 1605, 1636

May 12, 2009, Nifty

Nifty made lower low, and a lower high. This is the confirmation of a possible down trend. Asia is down this morning so, Nifty could open a touch down.
Trading Strategy: Go short with stop loss at 3711
Supports: 3535, 3352
Resistances: 3711-17, 4001

May 12, 2009, Single Stock

RIL - RIL still seems to be range-bound. However it made a lower low and a lower high yesterday, indicating a high possibility of a break-out on the downside. We will maintain our short but keep stop losses strict to cap losses in case break out is on the upside.
Trading Strategy:Stay short with a stop loss at 1938
Supports: 1850, 1731
Resistances: 1928, 1938

Infy - Infy continued on its down trend yesterday. However yesterday was a doji candle, indicating a possible end to the downtrend. We will stay short but keep stop losses strict and look to book profits.
Trading Strategy: Stay short. Move stop loss to 1539
Supports: 1465, 1418
Resistances: 1539, 1636

May 11, 2009, Nifty

Nifty made lower low, but not a lower high. This shows indecision. We will wait for a clear confirmation before taking a short/long position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 3583, 3352
Resistances: 3717, 4001

May 11, 2009, Single Stock

RIL - RIL seems to be trading in a narrow range. The break out could be on either side. We will maintain our short but keep stop losses strict to cap losses in case break out is on the upside.
Trading Strategy:Stay short with a stop loss at 1938
Supports: 1881, 1731
Resistances: 1895, 1938

Infy - Infy continued on its down trend yesterday. We will stay short but keep stop losses strict.
Trading Strategy: Stay short. Move stop loss to 1571
Supports: 1465, 1418
Resistances: 1571, 1636

May 8, 2009, Nifty

Nifty made lower low, but not a lower high. This shows indecision. We will wait for a clear confirmation before taking a short position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 3615, 3352
Resistances: 3717, 4001

May 8, 2009, Single Stock

RIL - RIL failed to break the resistance and is now likely to fall. We will go short with strict stop losses.
Trading Strategy:Go short with a stop loss at 1938
Supports: 1731, 1691
Resistances: 1895, 1938

Infy - Infy continued on its down trend yesterday. We will stay short but keep stop losses strict.
Trading Strategy: Stay short. Move stop loss to 1574
Supports: 1550, 1418
Resistances: 1574, 1636

May 7, 2009, Nifty

Nifty made another indecisive signal. This shows indecision. We will wait for a clear confirmation before taking a short position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 3352, 3297
Resistances: 3717, 4001

May 7, 2009, Single Stock

RIL - RIL made a hammer candle yesterday. This shows strong resistance on the upside. We will look for a break out on the upside or a fall from the resistance zone.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1731, 1691
Resistances: 1938, 1895

Infy - As we predicted Infy was down yesterday. We will stay short but keep stop losses strict.
Trading Strategy: Stay short. Move stop loss to 1609
Supports: 1550, 1418
Resistances: 1636, 1660

May 6, 2009, Nifty

Nifty made a a doji candle yesterday. This shows indecision. We will wait for confirmation before taking a short position.
Trading Strategy: Stay short with a stop loss at 3352.
Supports: 3352, 3297
Resistances: 3682, 4001

May 6, 2009, Single Stock

RIL - RIL made a a doji candle yesterday. This shows indecision. We will wait for confirmation before taking a short position.
Trading Strategy: Stay short with a stop loss at 1807.
Supports: 1731, 1691
Resistances: 1895, 2110

Infy - Infy made an inside day yesterday; A classic trend reversal sign. We will go short with strict stop losses.
Trading Strategy: Go short with a stop loss at 1636
Supports: 1535, 1418
Resistances: 1636, 1660