January 31, 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.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 31, 2011, Single Stock

Bharti - Bharti 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 Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a lower low and a lower high. It fell sharply. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 2463
Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2463, 2536, 2656

January 28, 2011, Nifty

The Nifty fell sharply and made a lower low and a lower high. We hit our stop loss and closed our position.
Trading Strategy:Play for resistance/support breaks or bounces.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 28, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. It fell sharply and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a lower low and a lower high. It fell sharply and we closed our position. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 2463
Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2463, 2536, 2656

January 27, 2011, Nifty

The Nifty made a higher high and a lower low. It was an engulfing candle. We will stay long and look to move our stop loss up.
Trading Strategy:Stay long with a stop loss at 5624.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 27, 2011, Single Stock

Bharti - Bharti made a higher higher and a higher low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy 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: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. We will stay long and keep stop losses strict.
Trading: Stay long with a stop loss at 954
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2463
Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2463, 2536, 2656

January 25, 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 a stop loss at 5624.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 25, 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. The stop loss at 330 is still not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy 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: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a lower low. We will stay long and keep stop losses strict.
Trading: Stay long with a stop loss at 954
Supports: 998, 952, 922
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 Strategy: Go long with a stop loss at 2463
Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2463, 2536, 2656

January 24, 2011, Nifty

The Nifty made an inside day as well as a doji candle. This is a trend reversal sign. We will stay long.
Trading Strategy:Stay long with a stop loss at 5624.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 24, 2011, Single Stock

Bharti - Bharti fell sharply making a lower low and a lower high. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a higher high and a higher low after the hammer candle. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 954,
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI 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: 3325, 3515
Supports: 2536, 2656, 2775

January 20, 2011, Nifty

The Nifty made a lower low and a lower high. We will stay long.
Trading Strategy:Stay long with a stop loss at 5624.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 20, 2011, Single Stock

Bharti - Bharti fell making a lower low and a lower high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
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: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI 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: 3325, 3515
Supports: 2536, 2656, 2775

January 19, 2011, Nifty

The Nifty made a higher high but a lower low. We will stay long.
Trading Strategy:Stay long with a stop loss at 5624.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 19, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a lower low and a lower high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI made a higher high and a lower low. We will see if this is a recovery or SBI falls again.
Trading Strategy: Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2536, 2656, 2775

January 18, 2011, Nifty

The Nifty rose sharply after a doji candle. This is a positive signal. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 5624.
Supports: 5624, 5415, 5345-55
Resistances: 6357

January 18, 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

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: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower low and an equal high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will see if this is a recovery or SBI falls again.
Trading Strategy: Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2536, 2656, 2775

January 17, 2011, Nifty

The Nifty made a lower high and a lower low. It was a doji candle. We will look to see if the Nifty finds any support.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 5415, 5345-55
Resistances: 6357

January 17, 2011, Single Stock

Bharti - Bharti made an negulfing candle. We will stay long and look to move our stop loss up. Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and a higher low. This is a positive signal following the doji/hammer yesterday. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. It hit our stop loss and we closed our position. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI made a small candle. Almost a doji. It was also a higher low. We will see if this is the bottow.
Trading Strategy: Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2536, 2656, 2775

January 16, 2011, Nifty

The Nifty made a lower high and a lower low. We hit our stop loss and closed our position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 5415, 5345-55
Resistances: 6357

January 16, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. It was also a doji candle, so we will be cautious. We will stay long and look to move our stop loss up. Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower low and a lower high. It was a doji candle so infy could find some support at this level. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. It came close to out stop loss but did not break it. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 998,
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower low and a lower high. We hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2536, 2656, 2775

January 14, 2011, Nifty

The Nifty made a lower high and a higher low. This is a bad signal. We will keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 5698.
Supports: 5415, 5345-55
Resistances: 6357

January 14, 2011, Single Stock

Bharti - Bharti made a higher low and a higher high. We will stay long and look to move our stop loss up. It was also a doji candle, so we will be cautious.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy fell sharply and hit our stop loss. We closed our position. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a 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 998,
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long with a stop loss at 2536
Resistances: 3325, 3515
Supports: 2536, 2656, 2775

January 13, 2011, Nifty

The Nifty rose and made a higher high and a higher low. This is a positive signal. We will go long with a strict stop loss.
Trading Strategy: Go long with a stop loss at 5698.
Supports: 5415, 5345-55
Resistances: 6357

January 13, 2011, Single Stock

Bharti - Bharti rose sharply and made a higher low and a higher high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and a higher low. We will stay long and keep our stop loses strict.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. We will look to go long.
Trading: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI rose sharply and 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 2536
Resistances: 3325, 3515
Supports: 2536, 2656, 2775

January 12, 2011, Nifty

The Nifty fell sharply again and made a lower high and a lower low. However it was a doji candle and we can expect the Nifty will find a bottom. We will wait for a confirmation before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5415, 5345-55
Resistances: 6357

January 12, 2011, Single Stock

Bharti - Bharti made a lower low, but a higher high. This is a clear reversal trend. The stock held up in a falling market. We will stay long and keep our stop loses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy fell sharply and made a lower low and a lower high. We will stay long and keep our stop loses strict.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower low and a lower high.
Trading: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. It looks like SBI has found a bottom. We will look for a confirming pattern before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2656, 2775, 2737

January 11 2011, Nifty

The Nifty fell sharply again and made a lower high and a lower low. We hit our stop loss and closed our position. As predicted in our comments on the post for Jan 7, Nifty broke the support at 5816 after hitting our stop loss at 5855.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5415, 5345-55
Resistances: 6357

January 11, 2011, Single Stock

Bharti - Bharti made a higher low, but a lower high. The stock held up in a falling market. We will stay long and keep our stop loses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower low and a lower high. However the stock held up in a falling market. We will stay long and keep our stop loses strict.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower low and a lower high. Our stop loss was hit and we closed our position.
Trading: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI fell further 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: 3325, 3515
Supports: 2656, 2775, 2737

January 10 2011, Nifty

The Nifty fell sharply again and made a lower high and a lower low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with loss at 5855.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

January 10, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will stay long and keep our stop loses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy fell sharply and made a lower low and a lower high. We will stay long and keep our stop loses strict.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower low and a lower high. We will stay long and keep our stop loses strict.
Trading:Stay long, with stop loss at 1036.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI fell further 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: 3325, 3515
Supports: 2656, 2775, 2737

January 07 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with loss at 5855.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

January 07, 2011, Single Stock

Bharti - Bharti rose and made a higer low and a lower high. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and and a lower low. It was also a doji candle. We will stay long and look to move our stop loss up.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. We will stay long and keep stop losses strict.
Trading:Stay long, with stop loss at 1036.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower low and a lower high. We hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2656, 2775, 2737

January 06 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with loss at 5855.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

January 06, 2011, Single Stock

Bharti - Bharti fell sharply and a made a lower low and a lower high as we predicted. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower high and and a lower low. Infy continues to make new highs. We will stay long and look to move our stop loss up.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL rose sharply and made a higher high and a higher low. We will stay long and keep stop losses strict.
Trading:Stay long, with stop loss at 1036.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2656
Resistances: 3325, 3515
Supports: 2656, 2775, 2737

January 05, 2011, Nifty

The Nifty made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with loss at 5855.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

January 05, 2011, Single Stock

Bharti - Bharti fell sharply and a made a lower low and a lower high as we predicted. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and and a higher low. Infy continues to make new highs. We will stay long and look to move our stop loss up.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL rose sharply and made a higher high and a higher low. We will stay long and keep stop losses strict.
Trading:Stay long, with stop loss at 1036.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI fell sharply. This is a negative sign after made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2656
Resistances: 3325, 3515
Supports: 2656, 2775, 2737

January 04, 2011, Nifty

Happy New year!
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 loss at 5855.
Supports: 5932, 5816, 5415, 5345-55
Resistances: 6357

January 04, 2011, Single Stock

Happy New Year!
Bharti - Bharti made a higher high and a higher low. Bharti has made a new high and the prospects look good. We could expect a minor pull back and consolidation from here. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and and a higher low. Infy continues to make new highs. We will stay long and look to move our stop loss up.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. We will stay long and keep stop losses strict.
Trading:Stay long, with stop loss at 1036.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2656
Resistances: 3325, 3515
Supports: 2656, 2775, 2737