June 30, 2010, Nifty

Nifty fell sharply yesterday and has also opened a touch down today. We will stay short.
Trading Strategy: Stay short with a stop loss at 5367.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

June 30,Single Stock 2010

Bharti - Bharti made a higher high but a lower low. It was a doji candle. We will stay long.
Trading Strategy: Stay long with a stop loss at 260.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a clear doji candle. However, there is no clear trend emerging. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL fell sharply and our short position was vindicated. We will stay short.
Trading Strategy: Stay short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150

June 29, 2010, Nifty

Nifty move up sharply yesterday. We will stay short, but be prepared to switch to long if the stop loss is hit.
Trading Strategy: Stay short with a stop loss at 5367.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

June 29,Single Stock 2010

Bharti - Bharti made a higher high and a higher low. It was also a hammer candle. We hit our stop loss and closed our position. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 260.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a lower low but a higher high. There is no clear trend or movement clear. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL jumped up sharply and a made a higher high and a higher low. However our stop loss was not hit. We will stay short.
Trading Strategy: Stay short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150

June 28, 2010, Nifty

Nifty has just opened a touch up and is around 5300.
Nifty made a lower low and a lower high on Friday. We will stay short.
Trading Strategy: Stay short with a stop loss at 5367.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

June 28,Single Stock 2010

Bharti - Bharti made a lower high and a lower low. It was also a doji candle. We will stay short and move our stop loss down.
Trading Strategy: Stay short, with stop loss at 266.
Supports: 264, 254
Resistances: 270, 279, 292

Infosys - Infy made a lower low and a lower high. There is no clear trend or movement clear. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made an engulfing candle on Friday. We will stay short.
Trading Strategy: Stay short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150

June 25, 2010, Nifty

Nifty made a doji candle yesterday. It has opened and is about 0.7% down for the day. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5367.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

June 25,Single Stock 2010

Bharti - Bharti made a higher high and a higher low. It was also a doji candle. It looks like Bharti is finding support at 260. We will stay short and move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 266.
Supports: 264, 254
Resistances: 270, 279, 292

Infosys - Infy made a higher high and a higher low. There is no clear trend or movement clear. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made another doji candle yesterday. Our stop loss at 1050 was hit and we closed our position. We will no go short, with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150

June 24, 2010, Nifty

Nifty made a lower low and a lower high. 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: 5202, 5100, 4960-4985
Resistances: 5342, 5400

June 24,Single Stock 2010

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 268.
Supports: 264, 254
Resistances: 270, 279, 292

Infosys - Infy made an engulfing candle. There is no clear trend or movement clear. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made another doji candle yesterday. It was a lower low and a lower high, but our stop loss at 1050 was not hit. We could be seeing the end of the up trend. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with a stop loss at 1050
Supports: 975, 960
Resistances: 1100, 1150

June 23, 2010, Nifty

Nifty made a lower high but a higher low yesterday. We will stay long. Nifty was unable to hold above 5342 and pulled back. We will watch the next few sessions for signs that the rally is ending. We will move our stop loss up, but keep stop losses strict.
Trading Strategy: Stay long, move stop loss up to 5302.
Supports: 5202, 5100, 4960-4985
Resistances: 5342, 5400

June 23,Single Stock 2010

Bharti - Bharti made a lower low and a lower high. The support at 264 did not hold. We will stay short and move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 270.
Supports: 264, 254
Resistances: 270, 279, 292

Infosys - Infy made a lower higher high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made a doji candle yesterday. Another sign of reversal after the inside day on Monday. We could be seeing the end of the up trend. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with a stop loss at 1050
Supports: 975, 960
Resistances: 1100, 1150

June 22, 2010, Nifty

Nifty made a higher high and a higher low yesterday. We will stay long. Nifty broke past 5342 as expected (since it was able to hold above 5213). We could see a pull back from here as 5342 was an important resistance. However if Nifty is able to hold above 5342 for a few sessions, we could see a move above 5400. We will move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5202.
Supports: 5202, 5100, 4960-4985
Resistances: 5342, 5400

June 22, 2010, Single Stock

Bharti - Bharti made a higher high, but a lower high. We will stay short, It looks like Bharti is finding some support around 264.
Trading Strategy: Stay short, move stop loss down to 274.
Supports: 264, 254
Resistances: 279, 292, 302

Infosys - Infy made a higher high and a higher low. It was also a doji candle. We hit our stop loss on Friday and closed our long position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2825

RIL - RIL made an inside day on Monday, after Friday's large candle. We could be seeing the end of the up trend. We will stay long.
Trading Strategy: Stay long, with a stop loss at 1050
Supports: 975, 960
Resistances: 1100, 1150

June 18, 2010, Nifty

Nifty made a higher high and a higher low yesterday. We will stay long.
Trading Strategy: Stay long, with stop loss at 5170.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 18, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 274.
Supports: 269, 254
Resistances: 279, 292, 302

Infosys - Infy made a higher high, but a lower low. We will stay long.
Trading Strategy: Stay long , with stop loss at 2722.
Supports: 2668, 2558
Resistances: 2759, 2825

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: 975, 960
Resistances: 1100, 1150

June 17, 2010, Nifty

The market has just opened and the Nifty is at 5227.
Nifty made a higher high and a higher low yesterday. We thing the up move could have some legs if the Nifty can stay above 5213. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5170.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 17, 2010, Single Stock

The market has just opened with some volatility, but is flat from yesterday's close.
Bharti - Bharti made a lower low but a higher high. We will stay short.
Trading Strategy: Stay short, with stop loss 279
Supports: 269, 254
Resistances: 279, 292, 302

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 up to 2722
Supports: 2668, 2558
Resistances: 2759, 2825

RIL - RIL 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 1050
Supports: 975, 960
Resistances: 1100, 1150

June 16, 2010, Nifty

Nifty moved up a touch on Tuesday. The resistance at 5213 was broken. We will stay long and move our stop loss up. The next big resistance is at 5342. However we could see a typical pull back on which is common immediately after a resistance is broken. Trading Strategy: Stay long, move stop loss up to 5120.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 16, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 279
Supports: 269, 254
Resistances: 279, 292, 302

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long , with stop loss at 2660.
Supports: 2668, 2558
Resistances: 2759, 2825

RIL - RIL made a lower high and a higher low. It was also a doji candle. We will stay long and keep stop losses strict.
Trading Strategy: Stay long with stop loss at 1021.
Supports: 975, 960
Resistances: 1100, 1150

June 15, 2010, Nifty

Nifty moved up sharply again on Monday. We will stay long and move our stop loss up. Nifty made an attempt on 5213, but was not able to break out. We will see if Nifty is able to break out above 5213 over the next couple of sessions. If not we could see range-bounce trading between 4960 and 5213.
Trading Strategy: Stay long, move stop loss up to 5079.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 15, 2010, Single Stock

Bharti - Bharti fell sharply again on Monday. We closed our long and booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 292
Supports: 269, 254
Resistances: 279, 292, 302

Infosys - Infy made a higher high and a higher low. It was sharp move up. We will stay long, but move stop loss up.
Trading Strategy: Stay long , move stop loss up to 2660.
Supports: 2668, 2558
Resistances: 2759, 2825

RIL - RIL 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 1021.
Supports: 975, 960
Resistances: 1100, 1150

June 14, 2010, Nifty

Nifty moved up sharply. We will stay long.
Trading Strategy: Stay long with a stop loss at 4960.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 14, 2010, Single Stock

Bharti - Bharti fell sharply on Friday. However our stop loss was not hit. We will stay long with the same stop loss. Keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 271.
Supports: 254, 269
Resistances: 279, 302, 321

Infosys - Infy made a higher high and a higher low, however we will stay long. Keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2558.
Supports: 2558, 2458-7
Resistances: 2735, 2759

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 995
Supports: 975, 960
Resistances: 1100, 1150

June 11, 2010, Nifty

Nifty seems to be holding above the 4960-85 support zone. If the support can hold over the next few sessions, we could see a renewed up move. We will take a risky long position.
Trading Strategy: Go long with a stop loss at 4960.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 11, 2010, Single Stock

Bharti - Bharti rose sharply yesterday, making 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 271.
Supports: 254, 269
Resistances: 279, 302, 321

Infosys - Infy made a higher high and a higher low, however we will stay long. Keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2558.
Supports: 2558, 2458-7
Resistances: 2735, 2759

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Go long with a stop loss at 995
Supports: 975, 960
Resistances: 1100, 1150

June 10, 2010, Nifty

Nifty is still close the 4960-85 support zone. If the support can hold over the next few sessions, we could see a renewed up move.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 10, 2010, Single Stock

Bharti - Bharti rose sharply yesterday, making 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 259.
Supports: 254, 269
Resistances: 279, 302, 321

Infosys - Infy made a lower high and a lower low, however we will stay long. Keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2558.
Supports: 2558, 2458-7
Resistances: 2735, 2759

RIL - RIL made a higher high and a higher low. We will go long, with a stop loss at Monday's low.
Trading Strategy: Go long with a stop loss at 995
Supports: 975, 960
Resistances: 1100, 1150

June 09, 2010, Nifty

The market has just opened a tad up. 4960 held yesterday. If it can hold over the next few session, we could see a renewed up move or at the very least range bounce movement to the 5213 resistance.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 09, 2010, Single Stock

Bharti - Bharti fell again on Tuesday, however we will stay long.
Trading Strategy: Stay long with a stop loss at 250.
Supports: 254, 269
Resistances: 279, 302, 321

Infosys - Infy made a lower high and a lower low, however we will stay long. Keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2558.
Supports: 2558, 2458-7
Resistances: 2735, 2759

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

June 08, 2010, Nifty

The volatility in the Nifty continued as it fell sharply yesterday. On the downside, 4960-4985 will be a crucial support zone. On the upside 5213 is the resistance to watch. We will wait and watch before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 08, 2010, Single Stock

Bharti - Bharti fell in trading on Monday, however we will stay long.
Trading Strategy: Stay long with a stop loss at 250.
Supports: 254, 269
Resistances: 279, 302, 321

Infosys - Infy fell sharply yesterday, however we will stay long. Keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2558.
Supports: 2558, 2458-7
Resistances: 2735, 2759

RIL - RIL made a hammer candle which was sharply lower. 975 will be a crucial support to watch today. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 960
Resistances: 1100, 1150

June 07, 2010, Nifty

4675 was not broken and Nifty has rallied back sharply. Global cues are weak. On the downside, 4960-4985 will be a crucial support zone. On the upside 5213 is the resistance to watch. We will wait and watch before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 4960-4985, 4700
Resistances: 5213, 5342

June 07, 2010, Single Stock

Fibonacci Doji is back after a break for the exams!
Bharti - Bharti broke our stop loss on Thursday. It seems to have formed a base at around 250-255. We will go long.
Trading Strategy: Go long with a stop loss at 250.
Supports: 254, 269
Resistances: 302, 321

Infosys - Infy rose to 2738, higher than its previous high. We will go long with a stop loss at recent low.
Trading Strategy: Go long with a stop loss at 2558.
Supports: 2558, 2458-7
Resistances: 2735, 2759

RIL - RIL made a doji candle of Friday. The support at 975 held over the last couple of weeks. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 960
Resistances: 1100, 1150