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

May 31, 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:365, 379

Infosys - Infy made a higher 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 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

May 30, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay short and and keep stop losses strict.
Trading Strategy: Stay short move stop loss down to 5518
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

May 30, 2011, Single Stock

Bharti - Bharti 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 379
Supports: 345-51
Resistances:365, 379

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 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

May 27, 2011, Nifty

The Nifty 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 down to 5518
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

May 27, 2011, Single Stock

Bharti - Bharti made a higher high and a lower low. It was also a doji candle. 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 lower high. It was also hammer candle. 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 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 seems to have found a support at 2165. We will look for a good opportunity to go short. 2138 is another strong support.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138,

May 26, 2011, Nifty

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

May 26, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. 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:365, 379

Infosys - Infy made a lower low and a lower high. It was also hammer candle. 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 lower low and 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 sharply and made a lower high and a lower low. We will wait and watch before taking a new position. It looks like SBI is in a downtrend. We will look for a good opportunity to go short. 2138 is strong support.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138,

May 25, 2011, Nifty

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

May 25, 2011, Single Stock

Bharti - Bharti made a second doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 345-51
Resistances:365, 379

Infosys - Infy made a higher high and a higher low. It was also hammer candle.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell and hit our stop loss at 940. We closed our position and booked the losses. We will wait and watch before taking a new position.
Trading: Stay long with a stop loss at 940
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower high and a lower low. We will wait and watch before taking a new position. It looks like SBI is in a downtrend. We will look for a good opportunity to go short. 2138 is strong support.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138,

May 12, 2011, Nifty

The Nifty made a lower 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 5723.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5608, 5723, 5944

May 12, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. However it was a doji candle. We could expect a trend change in Bharti after this. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 345-51
Resistances:365, 377

Infosys - Infy made an inside day. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell and made a lower high and a lower low. We will stay long but keep stop losses strict.
Trading: Stay long with a stop loss at 940
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: 2759, 2520, 2463-76

May 11, 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 5723.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5608, 5723, 5944

May 11, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. However it was a hammer candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 345-51
Resistances:365, 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: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. We will stay long but keep stop losses strict.
Trading: Stay long with a stop loss at 940
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: 2759, 2520, 2463-76

May 10, 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 5723.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5608, 5723, 5944

May 10, 2011, Single Stock

Bharti - Bharti rose sharply and made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 345-51
Resistances:365, 377

Infosys - Infy 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: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. It was also a doji candle. We will stay long.
Trading: Stay long with a stop loss at 940
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: 2759, 2520, 2463-76

May 09, 2011, Nifty

The Nifty rebounded and 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 5723.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5608, 5723, 5944

May 09, 2011, Single Stock

Bharti - Bharti fell sharply again and made a lower high and a lower low. We avoided the loss by closing our position early. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 371, 365, 345-51
Resistances: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: 3110, 2948, 2904
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 940
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: 2759, 2520, 2463-76

May 06, 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 5723.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5608, 5723, 5944

May 06, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. We avoided the loss by closing our position early. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 371, 365, 345-51
Resistances: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: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. This is a positive signal after the inside day. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 940
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: 2759, 2520, 2463-76

May 05, 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay short and move our stop loss down.
Trading Strategy: Stay short and move stop loss down to 5723.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5723, 5944, 6171

May 05, 2011, Single Stock

Bharti - Bharti made a lower high and a higher low. It hit our stop loss and we closed our position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 371, 365, 345-51
Resistances: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: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made an inside day. It could be the end of the downtrend. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 964, 954
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: 3325, 3515
Supports: 2759, 2520, 2463-76

May 04, 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 5944.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5944, 6171, 6357

May 04, 2011, Single Stock

Bharti - Bharti made a lower high and a higher low. We will stay long and move our sotp loss up.
Trading Strategy: Stay long and move stop loss up to 371.
Supports: 371, 365, 345-51
Resistances:377

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: 3110, 2948, 2904
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: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 3325, 3515
Supports: 2759, 2520, 2463-76

May 03, 2011, Nifty

The Nifty made a lower high and a lower low. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 5944.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5944, 6171, 6357

May 03, 2011, Single Stock

Bharti - Bharti made a lower high and a higher low. We will stay long and look to move our sotp loss up.
Trading Strategy: Stay long with stop loss at 365.
Supports: 371, 365, 345-51
Resistances:377

Infosys - Infy rose 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: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high, indicating that the downtrend is still continuing. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 3325, 3515
Supports: 2759, 2520, 2463-76

May 02, 2011, Nifty

The Nifty 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 5944.
Supports: 5816-36, 5348, 5243, 4980
Resistances: 5944, 6171, 6357

May 02, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. We will stay long and look to move our sotp loss up.
Trading Strategy: Stay long with stop loss at 365.
Supports: 371, 365, 345-51
Resistances:377

Infosys - Infy 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: 3110, 2948, 2904
Resistances: 3162, 3238

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

SBIN - SBI 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.
Resistances: 3325, 3515
Supports: 2759, 2520, 2463-76