October 29, 2010, Nifty

The Nifty 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 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 29, 2010, Single Stock

Bharti - Bharti rose again sharply and 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 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a higher high and a lower low. It was an engulfing candle. We will wait and watch before taking a enws position.
Trading:Play for resistance/support breaks or bounces.
Supports: 2980, 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a higher high and a higher low. However it was a doji candle. We will stay short and keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 3253.
Resistances: 3325
Supports: 3043

October 28, 2010, Nifty

The Nifty made a lower high and a higher low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 28, 2010, Single Stock

Bharti - Bharti fell sharply again. However we will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy 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 enws position.
Trading:Play for resistance/support breaks or bounces.
Supports: 2980, 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a lower low. It was an engulfing candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a lower high and a lower low. We will stay short and move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 3253.
Resistances: 3325
Supports: 3043

October 27, 2010, Nifty

The Nifty made a lower high and a higher low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 27, 2010, Single Stock

Bharti - Bharti fell sharply. However we will stay long.
Trading Strategy: Stay long with a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a lower high and a lower low. It was also a doji candle. We will stay long.
Trading: Stay long with a stop loss at 2980
Supports: 2980, 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL 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: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a lower high and a lower low. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 26, 2010, Nifty

The Nifty made a higher high and a higher low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 26, 2010, Single Stock

Bharti - Bharti made an equal high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a lower high and a higher low. We will stay long.
Trading: Stay long with a stop loss at 2980
Supports: 2980, 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. RIL has now made a new and we have missed the second chance to go long. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a higher high and a higher low. However we will stay short.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 25, 2010, Nifty

The Nifty made a higher high and a higher low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 25, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 2980
Supports: 2980, 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. However it was a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a higher high and a higher low. However it was a doji candle. We will stay short.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 22, 2010, Nifty

The Nifty made a higher high and a higher low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 22, 2010, Single Stock

Bharti - Bharti jumped sharply of its low. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a lower low and a lower high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. The sharp upmove is a positive signal, but we will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a higher high and a higher low. It rose sharply after a doji candle. It is a bullish signal but we will stay short.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 21, 2010, Nifty

The Nifty made a lower high and a lower low. Our stop loss was not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 21, 2010, Single Stock

Bharti - Bharti fell sharply again, making another lower low, but a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 314, 308
Resistances: 348-52, 377

Infosys - Infy made a lower low and a lower high. It fell sharply. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a lower low and a lower high. It fell sharply. It was also a doji candle. We will stay short and look to lower our stop loss.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 20, 2010, Nifty

The Nifty made a higher high and a higher low. Our stop loss was not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 20, 2010, Single Stock

Bharti - Bharti fell sharply again, making another lower low, but a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 314, 308
Resistances: 348-52, 377

Infosys - Infy made a lower low and a lower high. It fell sharply and hit our stop loss. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher 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: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a lower low and a lower high. It fell sharply. We will stay short and look to lower our stop loss.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 19, 2010, Nifty

The Nifty made a lower low and a lower high. However our stop loss was not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 19, 2010, Single Stock

Bharti - Bharti fell sharply again, making another lower low and lower high. We have missed the entire down move of Bharti. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 314, 308
Resistances: 348-52, 377

Infosys - Infy made a lower low and a lower high. It came close to our stop loss but rebounced from the support. We will stay long.
Trading: Stay long, with stop loss at 3037. Keep stop losses strict.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 18, 2010, Nifty

The Nifty made a lower low and a lower high. However our stop loss was not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 18, 2010, Single Stock

Bharti - Bharti fell sharply justifying our decision not to go long. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 331, 314
Resistances: 348, 485

Infosys - Infy made an engulfing candle. It was a higher high and a lower low. We will stay long.
Trading: Stay long, with stop loss at 3037. Keep stop losses strict.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a lower high and a lower low. It 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: 952, 922, 900
Resistances: 1100, 1150

SBIN - We are also going to look at State Bank of India from today. SBI has been in a long term up move starting from 1863 on Feb 5, 2010. It has currently moved far above the upmove trend line and hence is pulling back. We will wait to see if it breaks the trend line and hence the long term tren or if the move down for the last two days is just a correction. In the the short term we expect it to move down. So we will go short.
Trading Strategy: Go short with a stop loss at 3325.
Resistances: 3325
Supports: 3043

October 15, 2010, Nifty

The Nifty made a higher high and a higher low. We will stay long and look to move our stop loss up. We expect the Nifty to go all the way to the previous high.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 15, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. Though there is a move up, we will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a higher high and a higher low. It was a sharp upmove. We will stay long.
Trading: Stay long, with stop loss at 3037.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1046.
Supports: 1046, 952, 922, 900
Resistances: 1100, 1150

October 14, 2010, Nifty

The Nifty made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 14, 2010, Single Stock

Bharti - Bharti made a lower low but a higher high. This could be an end to the down trend. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a higher high and a lower low. It was a sharp upmove. We will stay long and move our stop loss up.
Trading: Stay long, move stop loss up to 3037.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a higher low. We will go long with a stop loss at 1046.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1046, 952, 922, 900
Resistances: 1100, 1150

October 13, 2010, Nifty

The Nifty made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 13, 2010, Single Stock

Bharti - Bharti made a lower 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: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading: Stay long with stop loss at 3000.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a lower high and a lower low. We will wait for a pull back to go long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

October 8, 2010, Nifty

The Nifty made a higher high and a higher low. We still feel the Nifty could go all the way to its highest high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 12, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. It fell sharply justifying the fact that we have closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a higher high and a higher low. The up move looks renewed. We will stay long and look to move our stop loss up.
Trading: Stay long with stop loss at 3000.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a higher low. We will wait for a pull back to go long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

October 8, 2010, Nifty

The Nifty made a lower low and a lower high. We still feel the Nifty could go all the way to its highest high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 8, 2010, Single Stock

Bharti - Bharti made a higher low and a higher high. However it was a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a lower high and a lower low. It was a sharp fall after the doji candle. This is a bearish indicator. We will stay long, but keep stop losses strict and look to exit.
Trading: Stay long with stop loss at 3000.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a higher low. It also moved above the previous high of 1049 and Sep 21. We will wait for a pull back to go long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

October 7, 2010, Nifty

The Nifty made a higher low and a higher high. We still feel the Nifty could go all the way to its highest high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 7, 2010, Single Stock

Bharti - Bharti made a lower 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: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a higher high and a higher low. It was a doji candle. We will stay long, but look to move our stop loss up.
Trading: Stay long with stop loss at 3000.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a higher low. It is close to its previous high of 1049 on Sep 21. A move above this would be a bullish signal. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

October 6, 2010, Nifty

The Nifty made a lower low and a lower high. We still feel the Nifty could go all the way to its highest high. We will stay long.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 6, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We hit our stop loss and finally closed our long taking huge profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a lower high and a higher low. We will stay long.
Trading: Stay long with stop loss at 3000.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made an engulfing candle. There is no clear trend evident yet. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

October 5, 2010, Nifty

The Nifty made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long, with stop loss at 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 5, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. However our stop loss was not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long with stop loss at 353.
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading: Stay long with stop loss at 3000.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a higher low. However it was a hammer candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

October 4, 2010, Nifty

The Nifty made a higher high and a lower low. The Nifty found support above 5816 and is looking good for making a new high. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5932.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

October 4, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low on Friday. We will stay long, and move our stop loss up.
Trading Strategy: Stay long move stop loss upt to 353.
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a higher high and a higher low. We will stay long and move our stop loss up.
Trading: Stay long, move stop loss up to 3000.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL fell to 980m and Friday made a higher 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: 952, 922, 900
Resistances: 994, 1100, 1150