Nifty technical analysis: July 2011

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

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

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

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

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

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

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