Nifty technical analysis: June 2011

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

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