July 29, 2010, Nifty

The market opened a touch down, but is now flat.
It looks like the rally is losing steam. We will stay long, but keep stop losses strict. Nifty could hit the stop loss over the next few sessions.
Trading Strategy: Stay long with stop loss at 5354.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400, 5478

July 29, 2010, Single Stock

Bharti - Bharti made a higher low but a lower high. It was a hammer candle, indicating a possible end to the uptrend. We will stay long.
Trading Strategy: Stay long move stop loss up to 302
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher low and a higher high. We will stay long.
Trading: Stay long, a move stop loss to 2727.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower low and a higher high. It was a big candle indicating increasing volatility in RIL. Support at 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 28, 2010, Nifty

The market opened a touch up, but is now flat.
It looks like the rally is losing steam. Nifty made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long with stop loss at 5354.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400, 5478

July 28, 2010, Single Stock

Bharti - Bharti made a higher low and a higher high. It was a doji candle and this could be the end of the up move. We will stay long.
Trading Strategy: Stay long move stop loss up to 302
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher low and a higher high. We will stay long and move our stop loss up.
Trading: Stay long, a move stop loss to 2727.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a higher low. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 27, 2010, Nifty

The market opened a touch up, but is now flat.
It looks like the rally is losing steam. Nifty made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long, move stop loss up to 5354.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400, 5478

July 27, 2010, Single Stock

Bharti - Bharti made a higher low and a higher high. We will stay long and move our stop loss up.
Trading Strategy: Stay long move stop loss up to 302
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher low and a lower high. Stay long. We will switch to short if 2716 is broken.
Trading: Stay long, with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a lower low. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 26, 2010, Nifty

The market opened a touch up, but is now a touch down.
Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, move stop loss up to 5354.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 26, 2010, Single Stock

Bharti - Bharti made a higher low and a higher high. We will stay long and move our stop loss up.
Trading Strategy: Stay long move stop loss up to 292
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher high and a higher low. It was also a dojio candle. Stay long. We will switch to short if 2716 is broken.
Trading: Stay long, with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. It was also a doji candle, so we could see a new trend setting in. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 23, 2010, Nifty

Market opened gap up but is showing some weakness now.
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 5354.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 23, 2010, Single Stock

Bharti - Bharti made a lower low and a higher high. It was an engulfing candle. The support at 292 was not broken. We will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made a lower low and a lower high. It was also a hammer candle. However out stop loss was not hit. lower high and a higher low. Stay long. We will switch to short if 2716 is broken.
Trading: Stay long, with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a lower low. It was also a doji candle, so we could see a new trend setting in. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 22, 2010, Nifty

Market has just opened a touch lower.
Nifty made a higher low and a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 21, 2010, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made a lower high and a higher low. It was also a doji candle. Stay long. We will switch to short if 2716 is broken.
Trading: Stay long, with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a higher low. It was also a doji candle, so we could see a new trend setting in. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 21, 2010, Nifty

Nifty made a higher high and a lower low. We will stay long. Nifty candles are getting bigger indicating increase in volatility. This is usually indicative of a downtrend setting in.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 21, 2010, Single Stock

Bharti - Bharti made a lower high but a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made a lower high and a higher low. Stay long. We will switch to short if 2716 is broken.
Trading: Stay long, with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a lower low. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 20, 2010, Nifty

Nifty made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 20, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. The support at 292 was not broken, so we could see a new high. We will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made a lower high and a lower low. If you went long yesterday, keep stop loss at 2716. 2716 is a critical support. We will switch to short if 2716 is broken.
Trading: Go long, with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a lower low. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

July 19, 2010, Nifty

Nifty made a higher high and a higher low. The US markets were down of Friday, so we could see a gap down opening. We will stay long.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 19, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high, but we will stay long.
Trading Strategy: Stay long, with stop loss at 282. 292 will be a 38% fibonacci retracement and is a good support level to watch for.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy seems to be moving up from the support at 2716. We will wait for today's opening trade and if 2716 is not broken, we will go long, with a stop loss at 2737.
Trading: Play for resistance/support breaks or bounces.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a lower low. We will look for a strong move above 1100 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 975, 960
Resistances: 1100, 1150

July 16, 2010, Nifty

Nifty made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 16,Single Stock 2010

Bharti - Bharti made a lower low and a lower high, but we will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made an inside day. This could signal a change in the short-term down trend. We will wait and watch before taking a new position. 2716 is an important support.
Trading: Play for resistance/support breaks or bounces.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a higher low. We will look for a strong move above 1100 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 975, 960
Resistances: 1100, 1150

July 15, 2010, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 15,Single Stock 2010

Bharti - Bharti made a higher low and a higher high. We will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy fell sharply yesterday. We will wait and watch before taking a new position. 2716 is an important support.
Trading: Play for resistance/support breaks or bounces.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. We will look for a strong move above 1100 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 975, 960
Resistances: 1100, 1150

July 14, 2010, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 14,Single Stock 2010

Bharti - Bharti made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy fell sharply yesterday and hit out stop loss. We closed our position and booked profits. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. It has opened this morning a touch up and hit our stop loss. We have closed our position. We will wait and watch before taking a new position. We will look for a strong move above 1100 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 975, 960
Resistances: 1100, 1150

July 13, 2010, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 5300.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 13,Single Stock 2010

Bharti - Bharti 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 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made a higher low and a higher high. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 2800.
Supports: 2716, 2668, 2558
Resistances: 2905

RIL - RIL made a lower low, but a higher high. However we will stay short, but keep stop losses strict.
Trading Strategy: Stay short with stop loss at 1082.
Supports: 975, 960
Resistances: 1100, 1150

July 12, 2010, Nifty

Nifty has opened gap up and has showed a strong move above 5367.
We will go long.
Trading Strategy: Go long with a stop loss at 5300
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 12,Single Stock 2010

Nifty has just opened gap up.
Bharti - Bharti made a sharp move upwards on Friday. It was higher low and a higher high. We will stay long, but move our stop loss up.
Trading Strategy: Stay long with stop loss at 277.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made a higher low and a higher high. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 2765.
Supports: 2716, 2668, 2558
Resistances: 2905

RIL - RIL made a lower low, but a higher high. However we will stay short, but keep stop losses strict.
Trading Strategy: Stay short with stop loss at 1082.
Supports: 975, 960
Resistances: 1100, 1150

July 09, 2010, Nifty

Nifty made a higher high and a higher low yesterday. Our stop loss of 5313 was hit and we closed our position. We will wait and watch before taking a new position. We would like a clear move above 5367 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 09,Single Stock 2010

Bharti - Bharti made a higher low and a higher high. We will stay long.
Trading Strategy: Stay long with stop loss at 267.
Supports: 264, 260, 254
Resistances: 279, 292

Infosys - Infy made a higher low and a higher high. We will stay long.
Trading Strategy: Stay long with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2809, 2834

RIL - RIL made an inside day, indicating a possible trend reversal. However we will stay short.
Trading Strategy: Stay short with stop loss at 1082.
Supports: 975, 960
Resistances: 1100, 1150

July 08, 2010, Nifty

Nifty has just opened a gap up.
Nifty made a higher high and a higher low yesterday. Out stop loss of 5313 is not yet hit. We will keep stop losses strict and be prepared to switch to long.
Trading Strategy: Stay short, with stop loss at 5313.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 08,Single Stock 2010

Bharti - Bharti made a higher low and a higher high. We will stay long, and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 267.
Supports: 264, 260, 254
Resistances: 279, 292

Infosys - Infy made a higher low and a higher high. 2809 was not broken yesterday but was broken in early trade this morning. We will switch to long.
Trading Strategy: Close the short and go long with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2809, 2834

RIL - RIL 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 1082.
Supports: 975, 960
Resistances: 1100, 1150

July 06, 2010, Nifty

Nifty has just opened a touch down.
Nifty made a higher high and a higher low, confirming a trend reversal. We will keep stop losses strict and be prepared to switch to long.
Trading Strategy: Stay short, with stop loss at 5313.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 07,Single Stock 2010

Bharti - Bharti made a higher low and a higher high. We will stay long, and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 264.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a higher low and a higher high. It looks like the down trend is ending. We will stay short, but keep stop losses strict. Be prepared to switch to long inf 2809 is broken.
Trading Strategy: Stay short with a stop loss at 2809, switch to long if 2809 is broken.
Supports: 2668, 2558
Resistances: 2809, 2834

RIL - RIL made a higher high and a higher low. We will stay short.
Trading Strategy: Stay short, with a stop loss at 1090.
Supports: 975, 960
Resistances: 1100, 1150

July 06, 2010, Nifty

Nifty has just opened a touch up.
Nifty made a lower low and a lower high. It was also a doji candle further reinforcing our view of a trend reversal.We will stay short, but move our stop loss down.
Trading Strategy: Stay short, with stop loss at 5313.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 06,Single Stock 2010

Bharti - Bharti made a higher low and a higher high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 260.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a higher low and a lower high. It was an inside day and could signal the end of the downtrend. We will stay short.
Trading Strategy: Stay short with a stop loss at 2809
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short, move stop loss down to 1090.
Supports: 975, 960
Resistances: 1100, 1150

July 05, 2010, Nifty

Nifty made a lower low and a lower high. However it was a relatively small candle, indicating that the volatility might be coming to an end. This could also be the sign for a reversal in the down trend later this week.
We will stay short.
Trading Strategy: Stay short, with stop loss at 5348.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 05,Single Stock 2010

Bharti - Bharti made a higher low but not a higher high. It was also a doji candle. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 260.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 2809
Supports: 2668, 2558
Resistances: 2759, 2819-25

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

July 02, 2010, Nifty

Nifty has just opened a touch up this morning.
Nifty fell sharply yesterday and is showing increasing volatility. We will stay short but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 5348.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 02,Single Stock 2010

Bharti - Bharti made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 260.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a higher low and a lower high. It was a hammer candle. We will stay short.
Trading Strategy: Stay short with a stop loss at 2809
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made an inside day. However there is no clear sign of a trend and a trend reversal. We will stay short.
Trading Strategy: Stay short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150

July 01, 2010, Nifty

Nifty rose sharply yesterday and is showing increasing volatility. This is indicative of a medium term (weeks) downward trend. We will stay short.
Trading Strategy: Stay short with a stop loss at 5367.
Supports: 5202, 5100, 4960-4985
Resistances: 5342-67, 5400

July 01,Single Stock 2010

Bharti - Bharti made a lower low and a lower high. It came very close to our stop loss but did no break. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 260.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a lower low and a lower high. We will go short with a stop loss at yesterday's high.
Trading Strategy: Go short with a stop loss at 2809
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL is very volatile and rose sharply yesterday. However our stop loss was not hit and we will stay short.
Trading Strategy: Stay short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150