March 31, 2010, Nifty

FibonacciDoji will be shut between 1st April 2010 and 12th April 2010. There will be no posts during this time.
Nifty made a lower high but a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5101, 4806-14, 4766
Resistances: 5270, 5311

March 31, 2010, Single Stock

FibonacciDoji will be shut from 1st April 2010 to 12th April 2010. There will be no posts between these dates.
Bharti - Bharti made a higher high and a lower low. We will stay short.
Trading strategy: Stay short with a stop loss at 321.
Supports: 292, 269, 241.5
Resistances: 321, 332, 348.8

Infosys - Infy made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short, with a stop loss at 2870
Supports: 2636, 2613
Resistances: 2795, 2845

RIL - RIL made a lower high and a lower low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with a stop loss at 1062
Supports: 1062, 975, 901
Resistances: 1150

March 30, 2010, Nifty

Nifty made a higher high but a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5101, 4806-14, 4766
Resistances: 5270, 5311

March 30, 2010, Single Stock

Bharti - Bharti made a higher low and a lower high. It was an inside day indicating a trend reversal. We will stay short.
Trading strategy: Stay short with a stop loss at 321.
Supports: 292, 269, 241.5
Resistances: 321, 332, 348.8

Infosys - Infy hit our stop loss at 2743 and we booked profits. We will no go short with a stop loss at the recent high.
Trading Strategy: Go short, with a stop loss at 2870
Supports: 2636, 2613
Resistances: 2795, 2845

RIL - RIL made a lower high and a lower low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with a stop loss at 1062
Supports: 1062, 975, 901
Resistances: 1150

March 29, 2010, Nifty

Nifty made a higher high and a higher 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/support breaks or bounces.
Supports: 5101, 4806-14, 4766
Resistances: 5270, 5311

March 29, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. However we will stay short.
Trading strategy: Stay short with a stop loss at 321.
Supports: 292, 269, 241.5
Resistances: 321, 332, 348.8

Infosys - Infy made a higher lower, but a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 2743.
Supports: 2743, 2636, 2613
Resistances: 2795, 2845

RIL - RIL made a higher high and a higher low. We will go long, with the stop loss at the recent low.
Trading Strategy: Go long, with a stop loss at 1062
Supports: 1062, 975, 901
Resistances: 1150

March 26, 2010, Nifty

Nifty made a higher high and a higher low. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short with a stop loss at 5270.
Supports: 5101, 4806-14, 4766
Resistances: 5270, 5311

March 26, 2010, Single Stock

Bharti - On Tuesday, Bharti made a lower low and a lower high. It was also a hammer candle. We will go short, with a stop loss at the recent high.
Trading strategy: Go short with a stop loss at 321.
Supports: 292, 269, 241.5
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a lower low. It was an engulfing candle and broke above 2800. We will go long.
Trading Strategy: Go long with a stop loss at 2743.
Supports: 2743, 2636, 2613
Resistances: 2795, 2845

RIL - RIL made a hammer candle today. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1150

March 25, 2010, Nifty

Nifty made a lower high, but a higher low. We will stay short.
Trading Strategy: Stay short with a stop loss at 5270.
Supports: 5101, 4806-14, 4766
Resistances: 5270, 5311

March 25, 2010, Single Stock

Bharti - On Tuesday, Bharti made a higher high and a lower low. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 292, 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a higher high and a higher low and 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: 2636, 2613, 2582
Resistances: 2795, 2845

RIL - RIL moved up on Tuesday forming and interesting pattern. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1150

March 23, 2010, Nifty

Nifty made a lower low and a lower high. We will close our long and go short with a stop loss at the recent high.
Trading Strategy: Close long, go short with a stop loss at 5270.
Supports: 5101, 4806-14, 4766
Resistances: 5270, 5311

March 23, 2010, Single Stock

Bharti - On Friday, Bharti hit our stop loss and we closed our position. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 292, 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a lower low and a lower high. We will close our long and go short.
Trading Strategy: Close the long and go short with a stop loss at 2795
Supports: 2636, 2613, 2582
Resistances: 2795, 2845

RIL - RIL hit our stop loss on Friday and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1150

March 19, 2010, Nifty

Nifty made a higher low but a lower high. We will stay long.
Trading Strategy: Stay long, with stop loss at 5126.
Supports: 5101, 4806-14, 4766
Resistances: 5311

March 19, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. However our stop loss of 304 is not yet hit. We will stay short, but keep stop losses strict.
Trading strategy: Stay short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

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 2713.
Supports: 2636, 2613, 2582, 2458
Resistances: 2794, 2845

RIL - RIL 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 1064.
Supports: 975, 901
Resistances: 1150

March 18, 2010, Nifty

Nifty made a higher high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5126.
Supports: 5101, 4806-14, 4766
Resistances: 5311

March 18, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short, but keep stop losses strict.
Trading strategy: Stay short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

Infosys - Infy made a higher high and a higher low. However it was a doji candle. We could see a pause in the uptrend. We will stay long.
Trading Strategy: Stay long, with stop loss at 2636.
Supports: 2636, 2613, 2582, 2458
Resistances: 2791, 2845

RIL - RIL made a higher high and a higher low. It was a strong move above the resistance zone. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 975, 901
Resistances: 1150

March 17, 2010, Nifty

Nifty made a higher high and a higher low. It was a strong sharp move above 5133. Our patience in staying long was rewarded. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5101.
Supports: 5101, 4806-14, 4766
Resistances: 5133, 5311

March 17, 2010, Single Stock

Bharti - Bharti made an inside day. We now expect a fall from here. We will stay short, but keep stop losses strict.
Trading strategy: Stay short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

Infosys - Infy made a higher high and a higher low. It was a strong convincing move above 2700. We will stay long and move our stop losses up.
Trading Strategy: Stay long, move stop loss up to 2636.
Supports: 2636, 2613, 2582, 2458
Resistances: 2791, 2845

RIL - RIL made a higher high and a higher 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/support breaks or bounces.
Supports: 975, 901
Resistances: 1040-46, 1150

March 16, 2010, Nifty

Nifty made a lower high and a lower low. It look like the uptrend is coming to a close. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with stop loss at 5092.
Supports: 5092, 4806-14, 4766
Resistances: 5133, 5311

March 16, 2010, Single Stock

Bharti - Bharti made a higher high but also a lower low. We could see a fall from here. We will stay short, but keep stop losses strict.
Trading strategy: Stay short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

Infosys - Infy made a higher high and but also a lower low. It fell sharply to an intra day low of 2636. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700-13

RIL - RIL made a lower high and a lower. We will stay short.
Trading Strategy: Stay short with a stop loss at 1040.
Supports: 975, 901
Resistances: 1040-46, 1150

March 15, 2010, 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 up to 5092.
Supports: 5092, 4806-14, 4766
Resistances: 5133, 5311

March 15, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short.
Trading strategy: Stay short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

Infosys - Infy made a higher high and higher low. It edged just above 2700. We will look for a strong break out above 2700. We will stay long.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a higher low, however we will stay short.
Trading Strategy: Stay short with a stop loss at 1040.
Supports: 975, 901
Resistances: 1040-46, 1150

March 12, 2010, Nifty

Nifty broke above 5147, but only just. We could see a pull back from here for the next couple of sessions, but after that Nifty could go higher. We will stay long.
Trading Strategy: Stay long with stop loss at 5068. If 5068 is broken, go short.
Supports: 4806-14, 4766, 4675
Resistances: 5133, 5311

March 12, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short.
Trading strategy: Stay short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

Infosys - Infy made a higher high, but a lower low. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a higher low, however we will stay short.
Trading Strategy: Stay short with a stop loss at 1040.
Supports: 975, 901
Resistances: 1040-46, 1150

March 11, 2010, Nifty

5068 was not broken. Rather the Nifty made another attempt on 5147. We will stay long.
Trading Strategy: Stay long with stop loss at 5068. If 5068 is broken, go short.
Supports: 4806-14, 4766, 4675
Resistances: 5133, 5311

March 11, 2010, Single Stock

Bharti - Bharti broke the support at 285 and we closed our long and went short. Trading strategy: If you have not already, close the long and go short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

Infosys - Infy made a lower high and a higher low. Almost and inside day. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a higher low, however we will stay short.
Trading Strategy: Stay short with a stop loss at 1040.
Supports: 975, 901
Resistances: 1040-46, 1150

March 10, 2010, Nifty

Nifty made a lower high and a higher low. It was an inside day. This indicates a possible trend reversal. We will stay long, but keep stop losses strict and be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 5068. If 5068 is broken, go short.
Supports: 4806-14, 4766, 4675
Resistances: 5133, 5311

March 10, 2010, Single Stock

Bharti - Bharti made a doji candle as well as lower low and a lower high. It also came close to our stop loss. It looks like our stop loss will be hit. We will stay long, but keep stop losses strict and be prepared to switch to short.
Trading strategy: Stay long with stop loss at 285. If 285 is broken, go short.
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a lower low and a lower high. It also broke, 1000. We will go short.
Trading Strategy: Go short with a stop loss at 1040.
Supports: 975, 901
Resistances: 1040-46, 1150

March 09, 2010, Nifty

Nifty made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, move stop loss to 5068
Supports: 4806-14, 4766, 4675
Resistances: 5133, 5311

March 09, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading strategy: Stay long with stop loss at 285
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a lower high and a lower low. We will stay long, but move our stop loss up.
Trading Strategy: Stay long. move stop loss up to 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a lower low. However it did not break 1000. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1046, 1150

March 05, 2010, Nifty

Nifty made a higher high and a higher low. However it was a hammer candle. This indicates a possible end to the uptrend. We will stay long, but keep stop losses strict and be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 5050
Supports: 4806-14, 4766, 4675
Resistances: 5133

March 05, 2010, Single Stock

Bharti - Bharti made an engulfing candle. We will stay long.
Trading strategy: Stay long with stop loss at 285
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a lower high and a lower low. We will stay long, but be prepared to switch to short.
Trading Strategy: Stay long with a stop loss at 2582. Switch to short if 2582 is broken.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a higher low. However it did not break 1050. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1046, 1150

March 04, 2010, Nifty

Nifty moved up sharply on budget day. We went long at 4930. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 4935
Supports: 4806-14, 4766, 4675
Resistances: 5133

March 04, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. However it was a doji candle. We will move our stop loss up and stay long.
Trading strategy: Stay long, move stop loss to 285
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a higher high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to with a stop loss at 2582
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL broke our stop loss today and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: PLay for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1046, 1150

March 02, 2010, Nifty

Nifty moved up sharply on budget day. We went long at 4930, but did not make much profits during the day. We will stay long.
Trading Strategy: Stay long with a stop loss at 4806
Supports: 4806-14, 4766, 4675
Resistances: 4945, 5133

March 02, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long.
Trading strategy: Stay long with a stop loss at 269. Switch to short if 269 is broken.
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a lower high, but a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2551
Supports: 2458, 2415, 2307-29
Resistances: 2700

RIL - RIL made a higher high and a higher low. It looks like our stop loss will be hit on Tuesday. We will stay short.
Trading Strategy: Stay short with a stop loss at 1000
Supports: 975, 901
Resistances: 1046, 1150