September 29, 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, 5169, 5608,
Supports: 4900, 4720

September 29, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. This is not a positive sign. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. We will stay long with a stop loss at the double bottom support.
Trading Strategy: Stay long with a stop loss at 2162.
Supports: 2301, 2162
Resistances: 2461, 2488-2500

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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867

September 28, 2011, Nifty

The Nifty made a higher high and a higher low. We will wait and watch before taking a new position. The Nifty breached 4900, but did not go below previous low of 4720. Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

September 28, 2011, Single Stock

Bharti - Bharti has been making higher highs and higher lows for the past three sessions after the low of 360.6 on Sep 23. Tday it also went above the 5 day EMA. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. The moving averages have also improved with 5 Day EMA going above 20 Day EMA. We will go long with a stop loss at the double bottom support.
Trading Strategy: Go long with a stop loss at 2162.
Supports: 2301, 2162
Resistances: 2461, 2488-2500

RIL - RIL moved up 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. It hit our stop loss on Sep 23 and we closed our position. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867

September 22, 2011, Nifty

The Nifty made a lower high and a lower low. We will wait and watch before taking a new position. 4900 is a strong support and if it is breached the Nifty could fall further.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5169, 5608,
Supports: 4900, 4700

September 22, 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: 392, 377
Resistances: 448

Infosys - Infy fell 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: 2342, 2162
Resistances: 2385, 2500

RIL - RIL fell sharply 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell and made a lower low and a lower high. We will stay long with a strict stop loss.
Trading: Stay long with a stop loss at 1905
Resistances: 2278, 2530
Supports: 1905, 1867

September 21, 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, 5169, 5608,
Supports: 4980, 4700,

September 21, 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: 392, 377
Resistances: 448

Infosys - Infy moved up 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.
Supports: 2342, 2162
Resistances: 2385, 2500

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: 753, 712
Resistances: 892-907, 967

SBIN - SBI moved up sharply and made a higher low and a hgiher high. This is a positive signal after the inside day. We will go long with a stop loss at the inside day.
Trading: Go long with a stop loss at 1905
Resistances: 2278, 2530
Supports: 1905, 1867

September 20, 2011, Nifty

The Nifty made a lower low and a lower high. The failure to breach 5169 is a negative. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 4966, 5169, 5608,
Supports: 4980, 4700,

September 20, 2011, Single Stock

Bharti - Bharti made a lower low and a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 392, 377
Resistances: 448

Infosys - Infy moved up sharply on Friday and hit our stop loss. We closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2342, 2162
Resistances: 2385, 2500

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: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell and made a higher low and a lower high. It was an inside day. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2278, 2530
Supports: 1867, 2997

September 15, 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: 4966, 5608,
Supports: 4980, 4700,

September 15, 2011, Single Stock

Bharti - Bharti 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.
Supports: 392, 377
Resistances: 448

Infosys - Infy moved up sharply and made a higher high and a higher low. We will stay short, and keep stop losses strict.
Trading Strategy: Stay short with a stop loss at 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

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: 753, 712
Resistances: 892-907, 967

SBIN - SBI 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.
Resistances: 2278, 2530
Supports: 1867, 2997

September 13, 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: 4966, 5608,
Supports: 4980, 4700,

September 13, 2011, Single Stock

Bharti - Bharti 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.
Supports: 392, 377
Resistances: 448

Infosys - Infy 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 a stop loss at 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL fell sharply and a 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI 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.
Resistances: 2278, 2530
Supports: 1867, 2997

September 08, 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: 4966, 5608,
Supports: 4980, 4700,

September 08, 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: 392, 377
Resistances: 448

Infosys - Infy 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 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL moved up 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: 753, 712
Resistances: 892-907, 967

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: 2278, 2530
Supports: 1867, 2997

September 07, 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: 4966, 5608,
Supports: 4980, 4700,

September 07, 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: 392, 377
Resistances: 448

Infosys - Infy 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 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

RIL - RIL made an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI 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.
Resistances: 2278, 2530
Supports: 1867, 2997

September 06, 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: 4966, 5608,
Supports: 4980, 4700,

September 06, 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: 392, 377
Resistances: 448,

Infosys - Infy 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 2385.
Supports: 2342, 2162
Resistances: 2385, 2500

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: 753, 712
Resistances: 892-907, 967

SBIN - SBI 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.
Resistances: 2278, 2530
Supports: 1867, 2997

September 05, 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,

September 05, 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: 392, 377
Resistances: 448,

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, 2162
Resistances: 2500

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: 753, 712
Resistances: 892-907, 967

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: 2278, 2530
Supports: 1867, 2997