April 1, 2011, Single Stock

The Nifty made a higher high and a higher low. We will keep stop losses strict and stay long.
Trading Strategy: Stay long, with stop loss at 5348.
Supports: 5348, 5243, 4980
Resistances: 5600, 6357

April 1, 2011, Single Stock

Bharti - Bharti made a doji candle and a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 324.
Supports: 318-24, 303
Resistances: 340, 377

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

RIL - RIL made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading: Stay long with stop loss at 981.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI made an engulfing candle. We will close our position and wait and watch.
Trading Strategy: Take profits on long and wait and watch before taking a new position.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 31, 2011, Single Stock

The Nifty made a higher high and a higher low. We will keep stop losses strict and stay long.
Trading Strategy: Stay long, with stop loss at 5348.
Supports: 5348, 5243, 4980
Resistances: 5600, 6357

March 31, 2011, Single Stock

Bharti - Bharti made a doji candle and a lower 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 324.
Supports: 318-24, 303
Resistances: 340, 377

Infosys - Infy made a higher high and a higher low. However, it was a doji candle. We will stay long.
Trading: Stay long, with stop loss at 3110
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading: Stay long with stop loss at 981.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI jumped up sharply again 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 stop loss at 2569.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 30, 2011, Single Stock

The Nifty made a higher high and a higher low. We will keep stop losses strict and stay long.
Trading Strategy: Stay long, with stop loss at 5348.
Supports: 5348, 5243, 4980
Resistances: 5600, 6357

March 30, 2011, Single Stock

Bharti - Bharti rose sharply 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 324.
Supports: 318-24, 303
Resistances: 340, 377

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 3110
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a lower high and a higher low. It was also a hammer candle. We will stay long, but keep stop losses strict.
Trading: Stay long with stop loss at 981.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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 2569.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 29, 2011, Single Stock

The Nifty made a higher high and a higher low. We will keep stop losses strict and stay long.
Trading Strategy: Stay long, with stop loss at 5348.
Supports: 5348, 5243, 4980
Resistances: 5600, 6357

March 29, 2011, Single Stock

Bharti - Bharti rose sharply and made a higher high and a higher low. We will go long.
Trading Strategy: Go long with a stop loss at 324.
Supports: 318-24, 303
Resistances: 340, 377

Infosys - Infy made an inside day as well as a doji candle. We will keep stop losses strict.
Trading: Stay long with a stop loss at 2904
Supports: 2948, 2904, 2716
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. We will stay long.
Trading: Stay long with stop loss at 981.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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 2569.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 28, 2011, Single Stock

The Nifty made a higher high and a higher low. We will keep stop losses strict and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5348.
Supports: 5348, 5243, 4980
Resistances: 5600, 6357

March 28, 2011, Single Stock

Bharti - Bharti rose sharply and we hit our stop loss at 330 and close our position. We will look for strneght above 340, to go long. Trading Strategy: Stay short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 2904
Supports: 2948, 2904, 2716
Resistances: 3162, 3238

RIL - RIL 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 981.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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 2569.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 23, 2011, Single Stock

This will be the last post till 28th March
The Nifty made a higher high and a higher low. We will keep stop losses strict and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5374, 5243, 4980
Resistances: 5600, 6357

March 23, 2011, Single Stock

This will be the last post till 28th March
Bharti - Bharti rose sharply and made a higher low and a higher high. We will stay short, with stop losses strict.
Trading Strategy: Stay short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made an inside day and a doji candle. We will look for a confirmation of the end of the downtrend before going long.
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 stay long and look to move our stop loss up.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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 2520.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 22, 2011, Nifty

The Nifty fell and made a lower low and a lower high. We will keep stop losses strict and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5374, 5243, 4980
Resistances: 5600, 6357

March 22, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short, with stop losses strict.
Trading Strategy: Stay short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL fell and made a lower low and a lower high. We will stay long and look to move our stop loss up.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI fell and 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 2520.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 21, 2011, Nifty

The Nifty fell and made a lower low and a lower high. We will keep stop losses strict and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5374, 5243, 4980
Resistances: 5600, 6357

March 21, 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. We will stay short, with stop losses strict.
Trading Strategy: Stay short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL fell sharply and made a lower low and a lower high. We will stay long and look to move our stop loss up.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI fell and 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 2520.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 18, 2011, Nifty

The Nifty fell and made a lower low and a lower high. We will keep stop losses strict and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5374, 5243, 4980
Resistances: 5600, 6357

March 18, 2011, Single Stock

Bharti - Bharti made a higher low and a higher high. We will stay short, with stop losses strict.
Trading Strategy: Stay short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy fell sharply and 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: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. We will stay long and look to move our stop loss up.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI moved up sharply. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 2520.
Resistances: 3325, 3515
Supports: 2520, 2463-76

March 16, 2011, Nifty

The Nifty fell sharply and made a lower low and a lower high. We will keep stop losses strict and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5243, 4980, 4786
Resistances: 5600, 6357

March 16, 2011, Single Stock

Bharti - As predicted Bharti fell sharply after breaking below 320. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL rose sharply and made a higher high and a lower low. We will stay long.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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 a stop loss at 2512.
Resistances: 3325, 3515
Supports: 2463-76

March 15, 2011, Nifty

The Nifty rose and this is a positive sign after the doji of Friday. We will keep stop losses strict and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5243, 4980, 4786
Resistances: 5600, 6357

March 15, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long. Also a break below 320, would be a negative signal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL rose sharply and made a higher high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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 2512.
Resistances: 3325, 3515
Supports: 2463-76

March 11, 2011, Nifty

The Nifty fell and made a lower high and a lower low. It was another doji candle. We will keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5243, 4980, 4786
Resistances: 5600, 6357

March 14, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long. Also a break below 320, would be a negative signal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a lower high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
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 2512.
Resistances: 3325, 3515
Supports: 2463-76

March 11, 2011, Nifty

The Nifty made a lower high and a lower low. This is a negative sign after the doji candle. We will keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5243, 4980, 4786
Resistances: 5600, 6357

March 11, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a lower high and a higher low. We will stay long and move our stop loss up.
Trading: Stay long, move stop loss up to 964.
Supports: 964, 954
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 2512.
Resistances: 3325, 3515
Supports: 2463-76

March 10, 2011, Nifty

The Nifty made a higher high and a higher low. It was also a doji candle. We will stay long.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5243, 4980, 4786
Resistances: 5600, 6357

March 10, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a higher high and a lower low. We will stay long and look to move our stop loss up.
Trading: Stay long with a stop loss at 954
Supports: 954, 888, 858
Resistances: 1100, 1125

SBIN - SBI made an higher high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2512.
Resistances: 3325, 3515
Supports: 2463-76

March 09, 2011, Nifty

The Nifty made a higher high and a higher low following the hammer candle on Monday. We will stay long.
Trading Strategy: Stay long with a stop loss at 5243.
Supports: 5243, 4980, 4786
Resistances: 5600, 6357

March 09, 2011, Single Stock

Bharti - Bharti moved up sharply after a doji candle. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a higher high and a higher low. We will stay long and look to move our stop loss up.
Trading: Stay long with a stop loss at 954
Supports: 954, 888, 858
Resistances: 1100, 1125

SBIN - SBI made an inside day. We will move our stop loss up and stay long.
Trading Strategy: Stay long, move stop loss to 2512.
Resistances: 3325, 3515
Supports: 2463-76

March 07, 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 5243.
Supports: 5243, 4980, 4786
Resistances: 5600, 6357

March 07, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy and made a higher high and a higher low. It was also doji candle. 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 stay long and look to move our stop loss up.
Trading: Stay long with a stop loss at 954
Supports: 954, 888, 858
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 2476
Resistances: 3325, 3515
Supports: 2463-76

March 04, 2011, Nifty

The Nifty made a higher high and a higher low. We will wait and watch before taking a new position. We will look for a move above 5600 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5200, 4980, 4786
Resistances: 5600, 6357

March 04, 2011, Single Stock

Bharti - Bharti made a lower high and a higher low. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy and made a lower high and a lower low. It was also a hammer candle. 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 high and a lower low. We will stay long and look to move our stop loss up.
Trading: Stay long with a stop loss at 954
Supports: 954, 888, 858
Resistances: 1100, 1125

SBIN - SBI 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 2476
Resistances: 3325, 3515
Supports: 2463-76

March 03, 2011, Nifty

The Nifty made a higher high and a higher low. We will wait and watch before taking a new position. We will look for a move above 5600 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 5200, 4980, 4786
Resistances: 5600, 6357

March 03, 2011, Single Stock

Bharti - Bharti made a lower low and a higher high. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL made a lower high and a higher low. We will stay long.
Trading: Stay long with a stop loss at 954
Supports: 954, 888, 858
Resistances: 1100, 1125

SBIN - SBI 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 2476
Resistances: 3325, 3515
Supports: 2463-76

March 01, 2011, Nifty

The Nifty made a doji candle which was 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: 5200, 4980, 4786
Resistances: 6357

March 01, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. It was also a doji candle. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

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

RIL - RIL fell and made a higher high and a higher low. We will stay long.
Trading: Stay long with a stop loss at 954
Supports: 954, 888, 858
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. After yesterday's inside day, this is a positive sign. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 2476
Resistances: 3325, 3515
Supports: 2463-76