Wednesday, December 28, 2011

December 28, 2011, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 4531.
Resistances: 5169, 5608
Supports: 4531, 4720, 4639

December 28 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short and keep our stop losses strict.
Trading Strategy: Stay short, with stop loss at 352.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy 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 2650.
Supports: 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a lower high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Thursday, December 22, 2011

December 22, 2011, Nifty

Nifty moved up sharply and we will go long with a stop loss at the recent low. Trading Strategy: Go long with a stop loss at 4531.
Resistances: 5169, 5608
Supports: 4531, 4720, 4639

December 22 , 2011, Single Stock

Bharti - Bharti reversed its trend and made a higher high and a higher low. We will stay short and move our stop loss down.
Trading Strategy: Stay short, move stop loss to 352.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made an inside day. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Wednesday, December 21, 2011

December 21, 2011, Nifty

Nifty fell but also made and engulfing candle. We will wait and watch before taking a new position. This could be a signal for a change in the trend.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5169, 5608
Supports: 4720, 4639

December 21 , 2011, Single Stock

Bharti - Bharti fell and made a lower low and a lower high. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell again and made a lower low and a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI fell sharply and made a lower low and a lower high. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Tuesday, December 20, 2011

December 19, 2011, Nifty

Nifty fell sharply and made a lower low and a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5169, 5608
Supports: 4720, 4639

December 19 , 2011, Single Stock

Bharti - Bharti fell and made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy fell sharply and made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell again and made a lower low and a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI fell sharply and made a lower low and a lower high. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Monday, December 19, 2011

December 18, 2011, Nifty

Nifty fell and made a lower low and a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5169, 5608
Supports: 4720, 4639

December 18 , 2011, Single Stock

Bharti - Bharti fell made a higher high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy made a higher high and higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL moved up 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 resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a higher high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Wednesday, December 14, 2011

December 14, 2011, Nifty

Nifty fell and 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.
Resistances: 5169, 5608
Supports: 4720, 4639

December 14 , 2011, Single Stock

Bharti - Bharti fell and made a lower high and a lower low. We will stay short. Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy made a higher high and higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell further and made a lower high and a lower low. We will stay short. Trading: Stay short with a stop loss at 774.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a lower high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Tuesday, December 13, 2011

December 13, 2011, Nifty

Nifty fell and 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.
Resistances: 5169, 5608
Supports: 4720, 4639

December 13 , 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. The support at 343 was broken. The next support is a 309. We will go short.
Trading Strategy: Go short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy move up and made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell sharply and made a lower high and a lower low. The support at 751 was broken and we will go short.
Trading:Go short with a stop loss at 774.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a huge engulfing candle and made a higher high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Monday, December 12, 2011

December 12, 2011, Nifty

Nifty fell sharply and 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.
Resistances: 5169, 5608
Supports: 4720, 4639

December 12 , 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy jumped and made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell sharply and 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI jumped and made a lower high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Friday, December 2, 2011

December 02, 2011, Nifty

Nifty jumped 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.
Resistances: 5169, 5608
Supports: 4720, 4639

December 02 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy jumped and made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI jumped and made a higher high and a higer low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Thursday, December 1, 2011

December 01, 2011, Nifty

Nifty 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.
Resistances: 5169, 5608
Supports: 4720, 4639

December 01 , 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a lower low and a lower high. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Wednesday, November 30, 2011

November 30, 2011, Nifty

The Nifty hit our stop loss on Nov 16 and we closed our position. We will wait and watch before taking a new postion.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5169, 5608
Supports: 4720, 4639

November 30 , 2011, Single Stock

We missed a torrid November, but Fibonacci doji is back for the end of the year.
Bharti - Bharti made an engulfing candle. In november we hit our stop loss of 371 and closed our postion. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy made a lower high and a lower low. In november we hit our stop loss of 2688 and closed our postion. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI did not go above 2024 in November and we stayed on the sidelines. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629

Monday, October 31, 2011

October 31, 2011, 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 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 31 , 2011, 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 371.
Supports: 371, 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 2688.
Supports: 2688, 2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. It was also a doji candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low after the inside day on 26 Oct. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Wednesday, October 26, 2011

October 26, 2011, 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 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 26 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will go long with a strict stop loss.
Trading Strategy: Go long with a stop loss at 371.
Supports: 371, 377, 360
Resistances: 396, 448

Infosys - Infy jumped up sharply. We will keep move our stop loss up and stay long.
Trading Strategy: Stay long, move stop loss up 2688.
Supports: 2688, 2301, 2162
Resistances: 2884, 3024

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell sharply and made a lower low and a lower high. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Monday, October 24, 2011

October 24, 2011, Nifty

The Nifty made a lhigher high and a higher low. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 24 , 2011, Single Stock

Bharti - Bharti made an engulfing candle. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made an inside day. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Friday, October 21, 2011

October 21, 2011, Nifty

The Nifty 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 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 21 , 2011, Single Stock

Bharti - Bharti move up sharply and made a higher high and a higher low. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made an engulfing candle. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Thursday, October 20, 2011

October 20, 2011, Nifty

The Nifty move up sharply and 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 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 20 , 2011, Single Stock

Bharti - Bharti move up sharply and made a higher high and a higher low. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL move 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Wednesday, October 19, 2011

October 19, 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 19 , 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a lower high and a lower low. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL fell sharply again and 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a lower high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Tuesday, October 18, 2011

October 18, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 18 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. We will move our stop loss up and stay long.
Trading Strategy: Stay long and move stop loss up to 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Friday, October 14, 2011

October 14, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 14 , 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. We will wait for a break above 396before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. We will move our stop loss up and stay long.
Trading Strategy: Stay long and move stop loss up to 2414
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Thursday, October 13, 2011

September 12, 2011, Nifty

The Nifty 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 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 12 , 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy 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 2162.
Supports: 2301, 2162
Resistances: 2461, 2488-2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867

Thursday, September 29, 2011

September 29, 2011, Nifty

The Nifty 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.
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

September 29, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. This is not a positive sign. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. We will stay long with a stop loss at the double bottom support.
Trading Strategy: Stay long with a stop loss at 2162.
Supports: 2301, 2162
Resistances: 2461, 2488-2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867

Wednesday, September 28, 2011

September 28, 2011, Nifty

The Nifty made a higher high and a higher low. We will wait and watch before taking a new position. The Nifty breached 4900, but did not go below previous low of 4720. Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

September 28, 2011, Single Stock

Bharti - Bharti has been making higher highs and higher lows for the past three sessions after the low of 360.6 on Sep 23. Tday it also went above the 5 day EMA. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. The moving averages have also improved with 5 Day EMA going above 20 Day EMA. We will go long with a stop loss at the double bottom support.
Trading Strategy: Go long with a stop loss at 2162.
Supports: 2301, 2162
Resistances: 2461, 2488-2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. It hit our stop loss on Sep 23 and we closed our position. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867

Friday, September 23, 2011

September 22, 2011, Nifty

The Nifty made a lower high and a lower low. We will wait and watch before taking a new position. 4900 is a strong support and if it is breached the Nifty could fall further.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5169, 5608,
Supports: 4900, 4700

September 22, 2011, Single Stock

Bharti - Bharti 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: 392, 377
Resistances: 448

Infosys - Infy fell and 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: 2342, 2162
Resistances: 2385, 2500

RIL - RIL fell sharply 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell and made a lower low and a lower high. We will stay long with a strict stop loss.
Trading: Stay long with a stop loss at 1905
Resistances: 2278, 2530
Supports: 1905, 1867

Wednesday, September 21, 2011

September 21, 2011, Nifty

The Nifty 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.
Resistances: 4966, 5169, 5608,
Supports: 4980, 4700,

September 21, 2011, Single Stock

Bharti - Bharti 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: 392, 377
Resistances: 448

Infosys - Infy moved up 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: 2342, 2162
Resistances: 2385, 2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI moved up sharply and made a higher low and a hgiher high. This is a positive signal after the inside day. We will go long with a stop loss at the inside day.
Trading: Go long with a stop loss at 1905
Resistances: 2278, 2530
Supports: 1905, 1867

Tuesday, September 20, 2011

September 20, 2011, Nifty

The Nifty made a lower low and a lower high. The failure to breach 5169 is a negative. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5169, 5608,
Supports: 4980, 4700,

September 20, 2011, Single Stock

Bharti - Bharti made a lower low and a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 392, 377
Resistances: 448

Infosys - Infy moved up sharply on Friday and hit our stop loss. We closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell and made a higher low and a lower high. It was an inside day. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2278, 2530
Supports: 1867, 2997

Thursday, September 15, 2011

September 15, 2011, Nifty

The Nifty made a higher low and a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5608,
Supports: 4980, 4700,

September 15, 2011, Single Stock

Bharti - Bharti fell sharply and 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: 392, 377
Resistances: 448

Infosys - Infy moved up sharply and made a higher high and a higher low. We will stay short, and keep stop losses strict.
Trading Strategy: Stay short with a stop loss at 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell and 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.
Resistances: 2278, 2530
Supports: 1867, 2997

Tuesday, September 13, 2011

September 13, 2011, Nifty

The Nifty 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.
Resistances: 4966, 5608,
Supports: 4980, 4700,

September 13, 2011, Single Stock

Bharti - Bharti fell sharply and 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: 392, 377
Resistances: 448

Infosys - Infy fell sharply and made a lower low and a lower high. We will stay short, and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL fell sharply and a 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell sharply and 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.
Resistances: 2278, 2530
Supports: 1867, 2997

Thursday, September 8, 2011

September 08, 2011, Nifty

The Nifty made a higher high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5608,
Supports: 4980, 4700,

September 08, 2011, Single Stock

Bharti - Bharti made a higher 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: 392, 377
Resistances: 448

Infosys - Infy made a higher low and a lower high. We will stay short, with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI 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.
Resistances: 2278, 2530
Supports: 1867, 2997

Wednesday, September 7, 2011

September 07, 2011, Nifty

The Nifty made a higher high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5608,
Supports: 4980, 4700,

September 07, 2011, Single Stock

Bharti - Bharti fell sharply and 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: 392, 377
Resistances: 448

Infosys - Infy made a higher high and a lower low. We will stay short, with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL made an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI 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.
Resistances: 2278, 2530
Supports: 1867, 2997

Tuesday, September 6, 2011

September 06, 2011, 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.
Resistances: 4966, 5608,
Supports: 4980, 4700,

September 06, 2011, Single Stock

Bharti - Bharti 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: 392, 377
Resistances: 448,

Infosys - Infy made a lower high and a lower low. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI 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.
Resistances: 2278, 2530
Supports: 1867, 2997

Monday, September 5, 2011

September 05, 2011, Nifty

The Nifty 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.
Resistances: 4966, 5608,
Supports: 4980, 4700,

September 05, 2011, Single Stock

Bharti - Bharti 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: 392, 377
Resistances: 448,

Infosys - Infy 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: 2342, 2162
Resistances: 2500

RIL - RIL 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made an inside day. We will look for confirmation of trend reversal in the next few sessions. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2278, 2530
Supports: 1867, 2997

Tuesday, August 30, 2011

August 30, 2011, Nifty

The Nifty 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.
Resistances: 4966, 5608,
Supports: 4980, 4700,

August 30, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy 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: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made an inside day. We will look for confirmation of trend reversal in the next few sessions. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Monday, August 29, 2011

August 29, 2011, 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 29, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy 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: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Thursday, August 25, 2011

August 25, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 25, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply on Monday. 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: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Friday, August 19, 2011

August 19, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 19, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy made an engulfing candle. Our stop loss was not hit, but we will keep stop losses strict. We will stay long.
Trading Strategy: Stay long with a stop loss at 2342.
Supports: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Thursday, August 18, 2011

August 18, 2011, Nifty

The Nifty made a higher low and a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 18, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy 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 2342.
Supports: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Wednesday, August 17, 2011

August 17, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 17, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy made an inside day. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. It was also a doji candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a lower high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Thursday, August 11, 2011

August 11, 2011, Nifty

The Nifty jumped up and made a higher high and a higher low. It was also a hammer candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 11, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy rose sharply and made a higher high and a higher low. It was also a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a higher low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Wednesday, August 10, 2011

August 10, 2011, Nifty

The Nifty fell sharply and 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 10, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and 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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a higher high and a lower low. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Tuesday, August 9, 2011

August 09, 2011, Nifty

The Nifty fell sharply and 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 09, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and made a higher 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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading: Go long iwth a stop loss at 2181.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Monday, August 8, 2011

August 08, 2011, Nifty

The Nifty fell sharply and 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 08, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and made a higher 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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a higher low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Friday, August 5, 2011

August 05, 2011, Nifty

The Nifty fell sharply and 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 05, 2011, Single Stock

Bharti - Bharti made a lower high and a higher low. It was also a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy made a higher 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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a higher low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Thursday, August 4, 2011

4August 03, 2011, Nifty

The Nifty fell sharply and 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 04, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. It fell sharply and we hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and made a lower high and a lower low. We hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Wednesday, August 3, 2011

August 03, 2011, Nifty

The Nifty rose and 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 03, 2011, 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 415.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2725
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Tuesday, August 2, 2011

August 02, 2011, Nifty

The Nifty rose 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 02, 2011, Single Stock

Bharti - Bharti made a highr high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 415.
Supports: 390, 385
Resistances:379, 390, 439

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 2725
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Monday, August 1, 2011

August 01, 2011, Nifty

The Nifty fell and made a lower low and a higher high. It was also a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 01, 2011, Single Stock

Bharti - Bharti made a highr high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 415.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy made an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

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: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell and 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Thursday, July 28, 2011

July 28, 2011, Nifty

The Nifty fell and 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 28, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. This is a negative signal. We will stay long.
Trading Strategy: Stay long, with stop loss at 390
Supports: 390, 385
Resistances:379, 390, 439

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 840.
Supports: 840, 940, 964
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a higher high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Wednesday, July 27, 2011

July 27, 2011, Nifty

The Nifty made an equal high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 27, 2011, Single Stock

Bharti - Bharti made an inside day. We will stay long.
Trading Strategy: Stay long, with stop loss at 390
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy made a lower low and lower high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 840.
Supports: 840, 940, 964
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a higher high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Tuesday, July 26, 2011

July 26, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 26, 2011, Single Stock

Bharti - Bharti jumped up sharply and 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 390
Supports: 390, 385
Resistances:379, 390, 439

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a higher low and a lower high. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 840.
Supports: 840, 940, 964
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Monday, July 25, 2011

July 25, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 25, 2011, Single Stock

Bharti - Bharti jumped up sharply and our long call was justified. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 385
Supports: 385, 367
Resistances:379, 390, 439

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a higher low and a lower high. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 840.
Supports: 840, 940, 964
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Friday, July 22, 2011

July 22, 2011, 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 22, 2011, Single Stock

Bharti - Bharti 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 378.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy made a higher high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower low and a lower high. We will stay long with a stop loss at the recent low.
Trading: Go long with a stop loss at 840.
Supports: 840, 940, 964
Resistances: 1100, 1125

SBIN - SBI made an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Thursday, July 21, 2011

July 21, 2011, Nifty

The Nifty made a higher high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 21, 2011, Single Stock

Bharti - Bharti 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 378.
Supports: 367, 345-51
Resistances:379, 390

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a higher and a higher low. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 840.
Supports: 840, 940, 964
Resistances: 1100, 1125

SBIN - SBI made an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Wednesday, July 20, 2011

July 20, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 20, 2011, Single Stock

Bharti - Bharti 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 378.
Supports: 367, 345-51
Resistances:379, 390

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a higher and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Tuesday, July 19, 2011

July 19, 2011, 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 19, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 378.
Supports: 367, 345-51
Resistances:379, 390

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. We will stay short with a stop loss at the recent high.
Trading: Stay short with a stop loss at 2515
Resistances: 2515, 3325, 3515
Supports: 2123-38

Monday, July 18, 2011

July 18, 2011, Nifty

The Nifty made a higher high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 18, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 378.
Supports: 367, 345-51
Resistances:379, 390

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay short with a stop loss at the recent high.
Trading: Stay short with a stop loss at 2515
Resistances: 2515, 3325, 3515
Supports: 2123-38

Friday, July 15, 2011

July 15, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 15, 2011, Single Stock

Bharti - Bharti 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 378.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy 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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay short with a stop loss at the recent high.
Trading: Stay short with a stop loss at 2515
Resistances: 2515, 3325, 3515
Supports: 2123-38

Thursday, July 14, 2011

July 14, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 14, 2011, Single Stock

Bharti - Bharti 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 378.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy 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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay short with a stop loss at the recent high.
Trading: Stay short with a stop loss at 2515
Resistances: 2515, 3325, 3515
Supports: 2123-38

Wednesday, July 13, 2011

July 13, 2011, Nifty

The Nifty fell sharply. We closed our position and avoided the loss for today. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 13, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower 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 stop loss at 378.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy fell sharply and made a lower low and a lower high. We closed our position yesterday and avoided the loss today. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. It was also a doji candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. We will stay short with a stop loss at the recent high.
Trading: Stay short with a stop loss at 2515
Resistances: 2515, 3325, 3515
Supports: 2123-38

Tuesday, July 12, 2011

July 12, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 12, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 378.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy fell sharply and made a lower low and a lower high. We hit our stop loss and closed our postion. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. It was also a doji candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. This is a negative signal after the doji candle. We will go short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2515
Resistances: 2515, 3325, 3515
Supports: 2123-38

Monday, July 11, 2011

July 11, 2011, 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 5608
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 11, 2011, Single Stock

Bharti - Bharti shot up and 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 367.
Supports: 367, 345-51
Resistances:379, 390

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 2926.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a lower low. It was a doji candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Friday, July 8, 2011

July 08, 2011, Nifty

The Nifty 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 stop loss at 5390.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 08, 2011, Single Stock

Bharti - We were correct in lowering our stop loss. Bharti shot up and made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 367.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a lower low. It was an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Wednesday, July 6, 2011

July 06, 2011, Nifty

The Nifty 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 5390.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 06, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long, with a stop loss at 367.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy made a lower low and a lower high. It was also a doji candle. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a lower low. It was an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Tuesday, July 5, 2011

July 05, 2011, Nifty

The Nifty made an inside day. We will stay long, but keep stop losses strict. Trading Strategy: Stay long, with stop loss at 5390.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 05, 2011, Single Stock

Bharti - Bharti made an inside day. We will stay long and move our stop loss down to 367.
Trading Strategy: Stay long, move stop loss down to 367.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL made an inside day, indicating a possible change in the trend. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 3325, 3515
Supports: 2138

Monday, July 4, 2011

July 04, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, move stop loss up to 5390.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 04, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will stay long and move our stop loss down to 367.
Trading Strategy: Stay long, move stop loss down to 367.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and amde an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower low and lower her high. It was also a doji. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Friday, July 1, 2011

July 01, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 5243.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

July 01, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher low and higher high. It was also a hammer candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Thursday, June 30, 2011

June 30, 2011, Nifty

THe Nifty made a higher high and a higher low. It was a positive move after a doji candle and also broke the resitance at 5608. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 5243.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 30, 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. It was also a doji candle. We will stay long.
Trading Strategy: Stay long with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a higher high and a higher low. However it was als a hammer candle. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher low and higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Wednesday, June 29, 2011

June 29, 2011, Nifty

THe Nifty made a higher high and a higher low. It was also a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 29, 2011, Single Stock

Bharti - Bharti made a higher low and a higher high. We will stay long.
Trading Strategy: Stay long with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a lower high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL made a lower high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher low and higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Tuesday, June 28, 2011

June 28, 2011, Nifty

The Nifty hit our stop loss and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 28, 2011, Single Stock

Bharti - Bharti made a higher low and a higher high. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a higher higher and a lower low. It also moved above 2904 and we switched to long.
Trading: Switch to long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI move up sharply and made a higher low and higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Monday, June 27, 2011

June 27, 2011, Nifty

The Nifty move up sharply and made a higher high and higher low. We will stay short and look to move our stop loss down, but keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 5520.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 27, 2011, Single Stock

Bharti - Bharti made a higher 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: 345-51
Resistances:379, 390

Infosys - Infy made a higher higher and a lower low. We will stay short, but keep stop losses strict. We will switch to long if Infy moves above 2904.
Trading: Stay short, with a stop loss at 2884.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI move up sharply and made a higher low and higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Friday, June 24, 2011

June 24, 2011, Nifty

The Nifty made a lower low and a higher high. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short, with stop loss at 5520.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 24, 2011, Single Stock

Bharti - Bharti made a higher 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: 345-51
Resistances:379, 390

Infosys - Infy made a higher higher and a lower low. We will stay short.
Trading: Stay short, with a stop loss at 2884.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher low and higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Thursday, June 23, 2011

June 23, 2011, Nifty

The Nifty made a higher low and a lower high. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short, with stop loss at 5520.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 23, 2011, Single Stock

Bharti - Bharti fell sharply and 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: 345-51
Resistances:379, 390

Infosys - Infy made a higher higher and a higher low. It was also a doji candle. We will stay short.
Trading: Stay short, with a stop loss at 2884.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a higher high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 3325, 3515
Supports: 2138

Wednesday, June 22, 2011

June 22, 2011, Nifty

The Nifty made a higher low and a lower high. It was also a doji candle. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short, with stop loss at 5520.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 22, 2011, Single Stock

Bharti - Bharti 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: 345-51
Resistances:379, 390

Infosys - Infy made a higher low and a lower high. It was also a doji candle. We will stay short.
Trading: Stay short, with a stop loss at 2884.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made an inside day. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Tuesday, June 21, 2011

June 21, 2011, Nifty

The Nifty fell sharply and made a lower low and a lower high. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short, with stop loss at 5520.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 21, 2011, Single Stock

Bharti - Bharti hit our stop loss on Friday and we closed our position. It made a higher high and a higher low on Monday. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 345-51
Resistances:379, 390

Infosys - Infy fell and made a lower low and a lower high. We will stay short and move our stop loss down.
Trading: Stay short, move stop loss down to 2884.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI fell and made a hammed candle. It also broke the support at 2138. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Friday, June 17, 2011

June 17, 2011, Nifty

The Nifty made a lower low and a lower high. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short, with stop loss at 5520.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 17, 2011, Single Stock

Bharti - Bharti fell and made a higher high but a much lower low. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy fell and made a lower low and a lower high. We will stay short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2904.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI fell and made a lower low and a lower high. We hit our stop loss and closed our position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

Thursday, June 16, 2011

June 16, 2011, Nifty

The Nifty 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 5520.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 16, 2011, Single Stock

Bharti - Bharti fell and made a lower high and a lower low. We will stay short with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy fell and made a lower low and a lower high. We will stay short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2904.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI fell and made a lower low and a lower high. We will keep our stop losses strict, but stay long.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Wednesday, June 15, 2011

June 15, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 15, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a higher low and a higher high. We will stay short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2904.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Tuesday, June 14, 2011

June 14, 2011, Nifty

The Nifty made a lower low and a lower high. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 14, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a lower low and a higher high. We will stay short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2904.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell sharply and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Monday, June 13, 2011

June 13, 2011, Nifty

The Nifty made a lower low and a lower high. We will stay short, with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 13, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay short with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a lower low and a lower high. We will stay short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2904.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL mae 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Friday, June 10, 2011

June 10, 2011, Nifty

The Nifty made a lower low and a lower high. We will stay short, with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 10, 2011, Single Stock

Bharti - Bharti made a lower high and a higher low. We will stay short with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a lower low and a lower high. We will go short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2904.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL mae 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Thursday, June 9, 2011

June 09, 2011, Nifty

The Nifty made a higher low and a lower high. We will stay short, with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 09, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay short with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy made an inside day. We will look to short after a confirmation.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL mae an isnide day. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Wednesday, June 8, 2011

June 08, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay short, with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 08, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy jumped and made a higher high and a higher low. We will wait and watch before we take a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
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: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Tuesday, June 7, 2011

June 07, 2011, Nifty

The Nifty made a lower high and a lower low. However it hit our stop loss on Friday and we closed our position. We will go short again, with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5605.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 07, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. It was also a doji candle. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a higher high and a higher low. We will wait and watch before we take a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Friday, June 3, 2011

June 03, 2011, Nifty

The Nifty made a lower high and a lower low. We will go short again, with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 5597.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 03, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. It was also a doji candle. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a lower low and a lower high. We will wait and watch before we take a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell and 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a lower low. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 2165
Resistances: 3325, 3515
Supports: 2138

Thursday, June 2, 2011

June 02, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 02, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. It hit our stop loss and we closed our postion. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a higher low and a higher high. We will wait and watch before we take a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 3325, 3515
Supports: 2138

Wednesday, June 1, 2011

June 1, 2011, Nifty

The Nifty made a higher high and a higher low. We hit our stop loss and booked our profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

June 01, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short with a stop loss at the recent high.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:365, 379

Infosys - Infy made a higher low and a higher high. We will wait and watch before we take a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 3325, 3515
Supports: 2138

Tuesday, May 31, 2011

May 31, 2011, Nifty

The Nifty made a higher high and a higher low. However our stop loss was not hit. We will stay short and and keep stop losses strict.
Trading Strategy: Stay short with stop loss at 5518
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980