Nifty technical analysis: August 2011

Tuesday, August 30, 2011

August 30, 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: 4966, 5608,
Supports: 4980, 4700,

August 30, 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: 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 Strategy: Play for resistance/support breaks or bounces.
Supports: 2342, 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made an inside day. We will look for confirmation of trend reversal in the next few sessions. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Monday, August 29, 2011

August 29, 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

August 29, 2011, Single Stock

Bharti - Bharti made a lower 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy made a lower 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: 2342, 2926, 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and 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.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Thursday, August 25, 2011

August 25, 2011, Nifty

The Nifty made a lower 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

August 25, 2011, Single Stock

Bharti - Bharti made a lower 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply on Monday. 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.
Supports: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL made 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and 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.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Friday, August 19, 2011

August 19, 2011, Nifty

The Nifty 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

August 19, 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy made an engulfing candle. Our stop loss was not hit, but we will keep stop losses strict. We will stay long.
Trading Strategy: Stay long with a stop loss at 2342.
Supports: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and 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.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Thursday, August 18, 2011

August 18, 2011, Nifty

The Nifty 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 18, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy 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 2342.
Supports: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Wednesday, August 17, 2011

August 17, 2011, Nifty

August 17, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy made an inside day. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
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: 2515, 3325, 3515
Supports: 2181, 2123-38

Thursday, August 11, 2011

August 11, 2011, Nifty

The Nifty jumped up and made a higher high and a higher low. It was also a hammer 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

August 11, 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy rose sharply and 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.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
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: 2181, 2123-38

Wednesday, August 10, 2011

August 10, 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 10, 2011, Single Stock

Bharti - Bharti 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy 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: 2926, 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a higher high and a lower 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: 2181, 2123-38

Tuesday, August 9, 2011

August 09, 2011, Nifty

August 09, 2011, Single Stock

Bharti - Bharti made a lower 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and 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.
Supports: 2926, 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: 840, 940, 96
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: Go long iwth a stop loss at 2181.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38

Monday, August 8, 2011

August 08, 2011, Nifty

August 08, 2011, Single Stock

Bharti - Bharti made a lower 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: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and 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.
Supports: 2926, 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell sharply and 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Friday, August 5, 2011

August 05, 2011, Nifty

August 05, 2011, Single Stock

Bharti - Bharti made a lower 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.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy 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.
Supports: 2926, 2736
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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Thursday, August 4, 2011

4August 03, 2011, Nifty

August 04, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. It fell sharply and we hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and made a lower high and a lower low. We hit our stop loss and closed our position.
Trading Strategy: 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 wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Wednesday, August 3, 2011

August 03, 2011, Nifty

The Nifty rose 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 03, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 415.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and 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 2725
Supports: 2926, 2736
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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Tuesday, August 2, 2011

August 02, 2011, Nifty

The Nifty rose and 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

August 02, 2011, Single Stock

Bharti - Bharti made a highr high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 415.
Supports: 390, 385
Resistances:379, 390, 439

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 2725
Supports: 2926, 2736
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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI 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.
Resistances: 2515, 3325, 3515
Supports: 2123-38

Monday, August 1, 2011

August 01, 2011, Nifty

The Nifty fell and made a lower low and a higher 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.
Resistances: 5608, 5723, 5944
Supports: 5348, 5243, 4980

August 01, 2011, Single Stock

Bharti - Bharti made a highr high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 415.
Supports: 390, 385
Resistances:379, 390, 439

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: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. 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.
Supports: 840, 940, 96
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: 2515, 3325, 3515
Supports: 2123-38