August 31, 2010, Nifty

The Nifty hit our stop loss on Friday and we closed our position. Monday was a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 5415, 5345-55, 5232,
Resistances: 5478

August 31, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait and watch before moving our stop loss up.
Trading Strategy: Stay long, with stop loss at 308.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy hit our stop loss again on Friday and we closed our position. We will waint and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a lower low but a higher high. This could be the bottom. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 27, 2010, Nifty

The Nifty made an inside day, indicating and end to the down move. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long move stop loss up to 5431
Supports: 5431, 5345-55
Resistances: 5478

August 27, 2010, Single Stock

Bharti - Bharti made a lower high and a higher low and is still above our stop loss.
Trading Strategy: Stay long, with stop loss at 308.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy hit our stop loss of 2750 and we closed our position. However we will go long again with a stop loss at 2730.
Trading: Go long with a stop loss at 2730
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. It has broken the support and 960. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 26, 2010, Nifty

The Nifty made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long move stop loss up to 5431
Supports: 5431, 5345-55
Resistances: 5478

August 26, 2010, Single Stock

Bharti - Bharti made a lower high and a lower low, but is still above our stop loss.
Trading Strategy: Stay long, with stop loss at 308.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher low and a higher high. This could be the begining of an uotrend. We will go long. with a stop loss at 2750.
Trading: Go long with a stop loss at 2750
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. However it has not broken the support at 960. Last time RIL was able to take support from around 960 (958) we will see if the support hold this time. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 25, 2010, Nifty

The Nifty lower low and a lower high. A down move after a doji looks bad for the Nifty. We will mov our stop loss up and look to close our position.
Trading Strategy: Stay long move stop loss up to 5431
Supports: 5431, 5345-55
Resistances: 5478

August 25, 2010, Single Stock

Bharti - Bharti 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 308.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. Last time RIL was able to take support from around 960 (958) we will see if the support hold this time. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 23, 2010, Nifty

The Nifty made a higher high and a higher low. However it was a doji candle. We will stay long.
Trading Strategy: Stay long move stop loss up to 5397
Supports: 5345-55
Resistances: 5478

August 23, 2010, Single Stock

Bharti - Bharti fell sharply on Friday, indicating a possible end to the uptrend and the start of a down trend. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. This was expected after the resistanc was brokn. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 20, 2010, Nifty

The 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 5397
Supports: 5345-55
Resistances: 5478

August 20, 2010, Single Stock

Bharti - Bharti made an inside day. The candles have also been getting smaller, indicating that Bharti is heading for an inflection point. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. This was expected after the resistanc was brokn. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 19, 2010, Nifty

The Nifty moved up sharply and our long position was rewarded. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5372
Supports: 5345-55
Resistances: 5478

August 19, 2010, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy moved up sharply and made a higher high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. We hit our stop loss and closed our position. We will waitn and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 18, 2010, Nifty

Nifty made a higher low but a lower high. It was a doji candle. We will wait to see if the support holds.
Trading Strategy: Stay long with a stop loss at 5372
Supports: 5345-55
Resistances: 5478

August 18, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long. We will wait to see if we should move our stop loss up.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a lower low and a lower high and also broke the support at 2750. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 960.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 17, 2010, Nifty

Nifty made a lower low and and a lower high. We will wait to see if the support hold.
Trading Strategy: Stay long with a stop loss at 5372
Supports: 5345-55
Resistances: 5478

August 17, 2010, Single Stock

Bharti - Bharti made a lower high and a higher low. We will stay long. We will wait to see if we should move our stop loss up.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy did not break below the 2750 support. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a higher low, but a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 960.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 16, 2010, Nifty

Fibonacci Doji was closed last week, but is now back.
The Nifty moved up to 5500, last week but gave up its gains. 5372 was a support from which the Nifty is moving up again. We will go long.
Trading Strategy: Go long with a stop loss at 5372
Supports: 5345-55
Resistances: 5478

August 16, 2010, Single Stock

We have been closed for one week, but are back and hope to pick up where we left off.
Bharti - Bharti made a lower high and a higher low. We will stay long. It looks like 330 is a big resistance.
Trading Strategy: Bharti seems to have falled to 315, but taken support from there. We will wait to see if we should move our stop loss up.
Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy hit our stop loss during the week and we will close our position. This is the second time, Infy is testing the 2750 resistance. 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 has continously falled after we closed our position. There seems to be some support at 960-75. We will go long with a stop loss at 960.
Trading Strategy: Go long with a stop loss at 960.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 06, 2010, Nifty

The market opened up, and seems to be moving higher.
Nifty made a higher high and a higher low on Thursday. We will wait for a pull back to go long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5345-55
Resistances: 5478

August 06, 2010, Single Stock

Bharti - Bharti made a lower high and a higher low. We will stay long. It looks like 330 is a big resistance.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading: Stay long, with a stop loss at 2770.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. 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: 1007, 975, 960
Resistances: 1100, 1150

August 05, 2010, Nifty

The market opened up, but seems to be losing its gains now.
Nifty made a higher high and a higher low on Wednesday. Nifty broke the previous high of 5478. This is a positive signal. We will wait for a pull back to go long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5345-55
Resistances: 5478

August 05, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a sharp upmove. Our persistence was rewarded. We will stay long, but move our stop loss up.
Trading: Stay long, with a stop loss to 2770.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1007.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 04, 2010, Nifty

The market opened up, but is now flat.
Nifty made a higher high and a higher low on Tuesday. We will wait and watch before taking a new position. A failure to break the previous high of 5478 would be a negative signal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5345-55
Resistances: 5478

August 04, 2010, Single Stock

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

Infosys - Infy made an engulfing candle. We will stay long, but keep stop losses strict.
Trading: Stay long, with a stop loss to 2727.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1007.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 03, 2010, Nifty

The market opened a gap up, but is now flat.
Nifty made a higher high and a higher low on Monday. However we missed the up-move as we have closed our position on Friday. We will wait and watch before taking a new position. A failure to break the previous high of 5478 would be a negative signal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5345-55
Resistances: 5478

August 03, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 302.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a doji candle indicating indecision. We will stay long, but keep stop losses strict.
Trading: Stay long, with a stop loss to 2727.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. It looks like RIL is forming a base for a new uptrend. We will go long, with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 1007.
Supports: 1007, 975, 960
Resistances: 1100, 1150

August 02, 2010, Nifty

The market opened a gap up.
We hit our stop loss on Friday and closed our position. 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: 5342-67, 5400, 5478

July 29, 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 302.
Supports: 292, 282, 264, 260
Resistances: 343

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

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