April 30, 2010, Nifty

Nifty made a an inside day indicating a possible trend reversal. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 5161.
Supports: 5208, 5268, 5161
Resistances: 5342, 5400

April 30, 2010, Single Stock

Bharti - Bharti made a higher low and a lower high. We will stay short.
Trading strategy: Stay short, with stop loss at 296.4
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a lower low but a higher high. We will stay short.
Trading Strategy: Stay short with stop loss at 2754.
Supports: 2693, 2636
Resistances: 2790, 2825, 2870

RIL - RIL made an inside day, indicating a possible trend reversal. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1050, 975
Resistances: 1150

April 29, 2010, Nifty

Nifty made a 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/support breaks or bounces.
Supports: 5208, 5268, 5161
Resistances: 5400

April 29, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short and move our stop loss down..
Trading strategy: Stay short, move stop loss down to 296.4
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a lower low and a lower high. We will stay short, and move our stop loss down.
Trading Strategy: Stay short with, move stop loss down to 2754.
Supports: 2693, 2636
Resistances: 2790, 2825, 2870

RIL - RIL hit our stop loss and we closed our position. It was a big down move for RIL. We will waitn and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1050, 975
Resistances: 1150

April 28, 2010, Nifty

Nifty made a lower high, but a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 5221.
Supports: 5208, 5268, 5161
Resistances: 5400

April 28, 2010, Single Stock

Bharti - Bharti made a higher low and a lower high. We will stay short.
Trading strategy: Stay short, with a stop loss at 303.9Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a lower low and a lower high. We will stay short, but be prepared to switch to long if our stop loss is hit.
Trading Strategy: Stay short with stop loss at 2790. If 2790 is broken, go long with a stop loss at 2693.
Supports: 2693. 2636
Resistances: 2790, 2825, 2870

RIL - RIL made a lower low and a lower high. We will stay long but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 1040.
Supports: 1050, 975
Resistances: 1150

April 27, 2010, Nifty

Nifty made a higher low and a higher high. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5221.
Supports: 5208, 5268, 5161
Resistances: 5400

April 27, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short and move our stop loss down.
Trading strategy: Stay short, move stop loss down to with a stop loss at 303.9Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a higher low. However 2790 was not broken. We will stay short, but be prepared to switch to long if our stop loss is hit.
Trading Strategy: Stay short with stop loss at 2790. If 2790 is broken, go long with a stop loss at 2693.
Supports: 2693. 2636
Resistances: 2790, 2825, 2870

RIL - RIL made a higher high, but a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1040.
Supports: 1050, 975
Resistances: 1150

April 26, 2010, Nifty

Nifty made a higher low, but not a higher high. We will stay long.
Trading Strategy: Stay long with a stop loss at 5161.
Supports: 5208, 5268, 5161
Resistances: 5400

April 26, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short.
Trading strategy: Stay short with a stop loss at 308.2
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a higher low. It looks like 2693 is a good support. We will stay short, but be prepared to switch to lng if our stop loss is hit.
Trading Strategy: Stay short with stop loss at 2790. If 2790 is broken, go long with a stop loss at 2693.
Supports: 2693. 2636
Resistances: 2790, 2825, 2870

RIL - RIL made an engulfing candle on thursday, followed by a higher high. We will go long.
Trading Strategy: Go long with a stop loss at 1040.
Supports: 1050, 975
Resistances: 1150

April 23, 2010, Nifty

Nifty hit our stop loss an we closed our position. We will now switch to long.
Trading Strategy: Go long with a stop loss at 5161.
Supports: 5208, 5268, 5161
Resistances: 5283, 5400

April 23, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will go short.
Trading strategy: Go short with a stop loss at 308.2
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a hgher high but a lower low. We will move our stop loss down, but stay short.
Trading Strategy: Stay short, move stop loss down to 2790.
Supports: 2636, 2613
Resistances: 2790, 2825, 2870

RIL - RIL made a higher high and a higher low. It looks like 1050 is holding. We will waint and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1050, 975
Resistances: 1150

April 22, 2010, Nifty

Nifty made antoher hammer candle, which was a higher high and a higher low. This could be the end of the downtrend. Keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 5283.
Supports: 5268, 5101
Resistances: 5283, 5400

April 22, 2010, Single Stock

Bharti - Bharti made a doji candle, indicating indecision. The bias is on the upside but we will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a lower low and a lower high. The downtrend is continuing. We will stay short.
Trading Strategy: Stay short, with stop loss at 2825.
Supports: 2636, 2613
Resistances: 2825, 2870

RIL - RIL has made a lower low and a lower high. Our stop loss at 1050 was hit and we closed our position. However it is not a clear break of support, so we will not go short.
Trading Strategy: If RIL stays below 1050, go short, else stay neutral.
Supports: 1062, 975
Resistances: 1150

April 21, 2010, Nifty

Nifty made a hammer candle. This could be the end of the downtrend. We will move our stop loss down, but stay short.
Trading Strategy: Stay short, move stop loss down to 5283.
Supports: 5268, 5101
Resistances: 5283, 5400

April 21, 2010, Single Stock

Bharti - Bharti made a higher low and a lower high. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a lower low, but a higher high. Maybe the downtrend is ending. We will stay short.
Trading Strategy: Stay short, with stop loss at 2825.
Supports: 2636, 2613
Resistances: 2825, 2870

RIL - RIL has made an inside day after a strong support at 1050. We will go long with a stop loss at the support.
Trading Strategy: Go long with a stop loss at 1050.
Supports: 1062, 975
Resistances: 1150

April 20, 2010, Nifty

We went short on Friday and are continue to stay short.
Trading Strategy: Stay short with a stop loss at 5400.
Supports: 5268, 5101
Resistances: 5400

April 20, 2010, Single Stock

Bharti - Bharti made a huge candle today, opening above 340 but moving back by the end of the day. There is no clear trend discernable, considering the volatility, we prefer to play it safe. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy has begun a down trend again. We will move our stop loss down and stay short.
Trading Strategy: Stay short, move stop loss to 2825.
Supports: 2636, 2613
Resistances: 2825, 2870

RIL - RIL has fallen all the way to 1050. We will wait to see if RIL can take support from 1050 or if it will fall further. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1062, 975
Resistances: 1150

April 16, 2010, Nifty

Nifty just broke below its 20-Day EMA. we hit our stop loss and closed our position. If Nifty is able to bounce back from here, the up move can restart, else we could see some downside. We will wait to see if this happens and if not, go short.
Trading Strategy: If Nifty opens and holds above 5268, the stay neutral, else go short.
Supports: 5268, 5101
Resistances: 5400

April 16, 2010, Single Stock

Bharti - Bharti made a new 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: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a higher low. We will wait to see if Infy is able to move above its previous high of 2870, else we will stay short.
Trading Strategy: Stay short, with a stop loss at 2870
Supports: 2636, 2613
Resistances: 2795, 2845

RIL - RIL failed to break 1150 and fell sharply. 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: 1062, 975
Resistances: 1150

April 15, 2010, Nifty

We're back!!
Nifty has been on a steady up move since Feb 8. The main support for this is the 20-day EMA. We will go long, with a stop loss at the 20-Day EMA.
Trading Strategy: Go long with a stop loss at 5268.
Supports: 5268, 5101
Resistances: 5400

April 15, 2010, Single Stock

We're back!!
Bharti - Bharti made a low on Monday and bounced back on Tuesday. We will close our short and go long with a stop loss at Monday's low.
Trading strategy: Close short, go long with a stop loss at 305
Supports: 305, 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy has broken its long term up trend which started on Feb 5. We will wait to see if Infy is able to move above its previous high of 2870, else 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 and move our stop losses up. 1150 looks like a strong resistance, however if RIL makes a third attempt on it the resistance could break.
Trading Strategy: Stay long, move stop loss up to 1102.
Supports: 1102, 1062, 975
Resistances: 1150