May 26, 2010, Nifty

Nifty continued to fall and we missed it once again. The only positive was that we were not long. We will wait and watch before taking a new position. 4675 will be a crucial support similar to the 4985. After 4985 broke, we saw a 200 point fall. We expect something similar to happen in 4675 is broken.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4700, 4675
Resistances: 5342, 5400

May 26, 2010, Single Stock

Bharti - Bharti did not break our stop loss at 272. It fell and bounced back. We will keep our stop losses strict, but stay short.
Trading strategy: Stay short, with stop loss at 272.
Supports: 254, 269
Resistances: 302, 321

Infosys - Infy fell sharply along with the rest of the market over the last few days. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2458-77, 2329
Resistances: 2677, 2708

RIL - RIL made a lower high and a lower low. We will wait and watch before taking a new position. The support at 975 seems to be holding.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 960
Resistances: 1100, 1150

May 21, 2010, Nifty

Nifty made an inside day. We missed the entire fall from 5342. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400

May 21, 2010, Single Stock

Bharti - Bharti did not break our stop loss at 272 and continued to fall. We will keep our stop losses strict, but stay short.
Trading strategy: Stay short, with stop loss at 272.
Supports: 254, 269
Resistances: 302, 321

Infosys - Infy fell sharply along with the rest of the market. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2607, 2551
Resistances: 2708, 2759

RIL - RIL 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: Stay long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1100, 1150

May 18, 2010, Nifty

Nifty made a lower low and a lower high. The support at 4985 was broken, but Nifty immediately bounced back. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400

May 18, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low yesterday. We will keep our stop losses strict, but stay short.
Trading strategy: Stay short, with stop loss at 272.
Supports: 254, 269
Resistances: 302, 321

Infosys - Infy fell sharply 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: 2607, 2551
Resistances: 2708, 2759

RIL - RIL made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1100, 1150

May 17, 2010, Nifty

Nifty made a lower low and a lower high. If Nifty is able to hold above 4985, then we could see an up trend setting in. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400

May 17, 2010, Single Stock

Market is just opening now but we will post our analysis anyway.
Bharti - Bharti fell rebounded on Friday from its Thursday low. We will stay short but move our stop loss down.
Trading strategy: Stay short, move stop loss down to 272.
Supports: 254, 269
Resistances: 302, 321

Infosys - Infy made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2607.
Supports: 2607, 2551
Resistances: 2708, 2759

RIL - RIL made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1100, 1150

May 13, 2010, Nifty

Nifty made a lower low and a lower high. If Nifty is able to move above 5342, then we could see an up trend setting in. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400

May 13, 2010, Single Stock

Bharti - Bharti fell sharply yesterday. We will stay short .
Trading strategy: Stay short with stop loss at 298.
Supports: 284, 269
Resistances: 302, 321

Infosys - Infy made a higher high and a higher low. Infy hit our stop loss and we closed our position. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 2607.
Supports: 2607, 2551
Resistances: 2708, 2759

RIL - RIL made a higher low but a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1100, 1150

May 12, 2010, Nifty

Nifty made a higher high and a higher low, but the move was not convincing. If Nifty is able to move above 5342, then we could see an up trend setting in. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400

May 12, 2010, Single Stock

Bharti - Bharti 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 298.
Supports: 284, 269
Resistances: 302, 321

Infosys - Infy made an inside day. This could indicate a trend reversal. We will stay short but move our stop loss down.
Trading Strategy: Stay short with a stop loss at 2684.
Supports: 2607, 2551
Resistances: 2708, 2759

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1100, 1150

May 11, 2010, Nifty

Nifty bounced back from 4985 and rose sharply. The move is similar to the bear market rallies of 2008. If Nifty is able to move above 5342, then we could see an up trend setting in. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400

May 11, 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 300.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a higher high and a higher low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2708.
Supports: 2693, 2636
Resistances: 2708, 2759

RIL - RIL made a higher high and a higher low. We will go long, with a stop loss at Thursday's low.
Trading Strategy: Go long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1150

May 10, 2010, Nifty

Nifty made a lower high and a lower low. The support at 5029 did not hold. The next support is at 4944. It is a strong support and we expect it to hold. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4944, 4833
Resistances: 5342, 5400

May 10, 2010, Single Stock

Bharti - Bharti 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 300.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a lower high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2708.
Supports: 2693, 2636
Resistances: 2708, 2759

RIL - RIL made an engulfing candle, indicating a trend reversal. For the past few weeks RIL has been a leading indicator for the entire market. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1050, 975
Resistances: 1150

May 7, 2010, Nifty

Nifty made a lower high and a lower low. It the second successive hammer candle so we could see a rebound from here. the support at 5029 still held. It looks like we could see a rebound from here. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5100, 5029, 4944
Resistances: 5342, 5400

May 7, 2010, Single Stock

Bharti - Bharti made a lower high and a higher low. We will stay short.
Trading strategy: Stay short with a stop loss at 302.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a lower high and a higher low. We will stay short but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 2708
Supports: 2693, 2636
Resistances: 2759, 2790

RIL - RIL 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: 1050, 975
Resistances: 1150

May 6, 2010, Nifty

Nifty made a lower high and a lower low. It was a hammer candle so we could see a rebound from here. The next major fibonacci support are 5029 and then 4944. 4944 is a strong support as it also has a pivot point. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5100, 5029, 4944
Resistances: 5342, 5400

May 6, 2010, Single Stock

Bharti - Bharti made a higher high , but a lower low. We will stay short.
Trading strategy: Stay short with a stop loss at 302.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a higher high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2759
Supports: 2693, 2636
Resistances: 2759, 2790

RIL - RIL made a lower low and a lower high. 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/support breaks or bounces
Supports: 1050, 975
Resistances: 1150

May 5, 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: 5161, 5100
Resistances: 5342, 5400

May 5, 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 302.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a lower high and a lower low. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2759
Supports: 2693, 2636
Resistances: 2790, 2825, 2870

RIL - RIL made a lower low and a higher high. It was also a doji candle. The intra-day low was just above our stop loss. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 1012.
Supports: 1050, 975
Resistances: 1150

May 4, 2010, Nifty

ifty made a lower high and a lower low, however we will stay long.
Trading Strategy: Stay long with a stop loss at 5161.
Supports: 5208, 5268, 5161
Resistances: 5342, 5400

May 4, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will go short with a stop loss at Friday's high.
Trading strategy: Go short with a stop loss at 302.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a lower high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2693, 2636
Resistances: 2790, 2825, 2870

RIL - RIL made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 1012.
Supports: 1050, 975
Resistances: 1150

May 3, 2010, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Go long with a stop loss at 5161.
Supports: 5208, 5268, 5161
Resistances: 5342, 5400

May 3, 2010, Single Stock

Bharti - Bharti made a higher high and a higher 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: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a higher low. Our stop loss at 2754 was hit and we booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2693, 2636
Resistances: 2790, 2825, 2870

RIL - RIL made a higher high and a higher low. We will go long with a stop loss at the recent low. However the medium term trend on RIL is downward biased.
Trading Strategy: Go long with a stop loss at 1012.
Supports: 1050, 975
Resistances: 1150