November 30, 2010, Nifty

The Nifty made a higher high and a higher low. This is a positive signal. We will go long with strict stop losses.
Trading Strategy: Go long with a stop loss at 5690
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

November 30, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 320.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower high and a higher low. It was also a doji candle. We expect a strong trend to set in for Infy. We will stay long, but keep stop losses strict.
Trading:Stay long with a stop loss at 2950.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL rose sharply and 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, 1125

SBIN - SBI made a lower high and a higher low. We will stay long.
Trading Strategy: Go long with a stop loss at 2775.
Resistances: 3325, 3515
Supports: 2775, 2737

November 29, 2010, Nifty

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

November 29, 2010, Single Stock

Bharti - Bharti made a lower high and a lower low. Our stop loss was not hit and we will stay long.
Trading Strategy: Stay long with a stop loss at 320.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower high and a higher low. We will stay long.
Trading:Stay long with a stop loss at 2950.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL 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: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. This is a bullish signal. We will go long with a strict stop loss.
Trading Strategy: Go long with a stop loss at 2775.
Resistances: 3325, 3515
Supports: 2775, 2737

November 26, 2010, Nifty

The Nifty made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Stay long, with stop loss at 3118.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

November 26, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 320.
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 2950.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL 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: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI 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/bounces.
Resistances: 3325, 3515
Supports: 3043, 2965

November 24, 2010, Nifty

The Nifty made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Stay long, with stop loss at 3118.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

November 24, 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: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made an inside day. We will wait and watch before taking a new position.
Trading:Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL 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: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI 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/bounces.
Resistances: 3325, 3515
Supports: 3043, 2965

November 23, 2010, Nifty

The Nifty made a higher high and a higher low. It hit our stop loss at 3118 and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: Stay long, with stop loss at 3118.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

November 23, 2010, Single Stock

Bharti - Bharti hit out stop loss at 314 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: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy hit out stop loss at 2948 and we closed our position. We will wait and watch before taking a new position.
Trading:Stay long with a stop loss at 2948.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made an inside day. 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, 1125

SBIN - SBI made a lower high and a higher low. It was a engulfing candle. We could see a prolonged down move now. We will wait and watch before talking a new position.
Trading Strategy: Play for resistance/support breaks/bounces.
Resistances: 3325, 3515
Supports: 3043, 2965

November 09, 2010, Nifty

The Nifty made a lower high and a lower low. It came close to it all time high, but that seems to be a strong resistance. We still feel the Nifty could make new highs. We will stay long.
Trading Strategy: Stay long, with stop loss at 3118.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

November 09, 2010, Single Stock

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

Infosys - Infy fell sharply, making a lower low and a lower high. However our stop loss was not hit. We will stay long.
Trading:Stay long with a stop loss at 2948.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. 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 lower low. It was a engulfing candle. We could see a prolonged down move now. We will wait and watch before talking a new position.
Trading Strategy: Play for resistance/support breaks/bounces.
Resistances: 3325
Supports: 3043

November 08, 2010, Nifty

The Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 3118.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

November 08, 2010, Single Stock

Bharti - Bharti made a higher low and a lower high. It was also a doji candle. We will stay long and 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 low and a higher high. It was also a doji candle. We will stay long.
Trading:Stay long with a stop loss at 2948.
Supports: 2948, 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 higher high and a higher low. It rose sharply again and we were justified in closing our short. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks/bounces.
Resistances: 3325
Supports: 3043

November 05, 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 3118.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

November 05, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long and 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 low and a higher high. We will stay long.
Trading:Stay long with a stop loss at 2948.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL rose sharply making 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 higher high and a higher low. It rose sharply again and we were justified in closing our short yesterday. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks/bounces.
Resistances: 3325
Supports: 3043

November 04, 2010, Nifty

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

November 04, 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 a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a higher low and a higher high. We will stay long.
Trading:Stay long with a stop loss at 2948.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply making 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: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a higher high and a higher low. It reose sharply as predicted 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/bounces.
Resistances: 3325
Supports: 3043

November 03, 2010, Nifty

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

November 03, 2010, Single Stock

Bharti - Bharti made and equal high and low. It was an inverting candle.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 low and a lower high. We will stay long.
Trading:Stay long with a stop loss at 2948.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply making 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: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a higher high and a higher low. However it was the second successive doji candle. We can expect a major move from SBI in the next few sessions. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 3253.
Resistances: 3325
Supports: 3043

November 02, 2010, Nifty

The Nifty made a higher high and a higher low. It rose sharply. 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

November 02, 2010, Single Stock

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

Infosys - Infy made a higher low and a higher high. We will go long with a stop loss at the recent low.
Trading:Go long with a stop loss at 2948.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. It is a new high. 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. We will stay short and keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 3253.
Resistances: 3325
Supports: 3043

November 01, 2010, Nifty

The Nifty made a lower high and a lower low. It fell sharply, but the stop loss was not hit. 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

November 01, 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 a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a higher low and a lower high. We will wait and watch before taking a new 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 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 keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 3253.
Resistances: 3325
Supports: 3043