Monday, October 31, 2011

October 31, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 31 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 371.
Supports: 371, 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 2688.
Supports: 2688, 2301, 2162
Resistances: 2884, 3024

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

SBIN - SBI made a higher high and a higher low after the inside day on 26 Oct. 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, 1710

Wednesday, October 26, 2011

October 26, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 26 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will go long with a strict stop loss.
Trading Strategy: Go long with a stop loss at 371.
Supports: 371, 377, 360
Resistances: 396, 448

Infosys - Infy jumped up sharply. We will keep move our stop loss up and stay long.
Trading Strategy: Stay long, move stop loss up 2688.
Supports: 2688, 2301, 2162
Resistances: 2884, 3024

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 sharply and made a lower low and a lower high. 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, 1710

Monday, October 24, 2011

October 24, 2011, Nifty

The Nifty made a lhigher high and a higher low. We will stay long but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 24 , 2011, Single Stock

Bharti - Bharti made an engulfing candle. 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 an inside day. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

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 higher 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, 1710

Friday, October 21, 2011

October 21, 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 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 21 , 2011, Single Stock

Bharti - Bharti move up sharply and made a higher high and a higher low. 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 an engulfing candle. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher 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, 1710

Thursday, October 20, 2011

October 20, 2011, Nifty

The Nifty move up sharply and made a higher high and a higher low. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5011
Resistances: 4966, 5169, 5608,
Supports: 5011, 4900, 4720

October 20 , 2011, Single Stock

Bharti - Bharti move up sharply and made a higher high and a higher low. 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 keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL move 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 for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

Wednesday, October 19, 2011

October 19, 2011, Nifty

The Nifty fell sharply and made a lower high and a lower low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 19 , 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. 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 lower high and a lower low. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

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

SBIN - SBI made a lower 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, 1710

Tuesday, October 18, 2011

October 18, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 18 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. 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 move our stop loss up and stay long.
Trading Strategy: Stay long and move stop loss up to 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

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 higher high and a higher 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, 1710

Friday, October 14, 2011

October 14, 2011, Nifty

The Nifty made a higher high and a higher low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 14 , 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. We will wait for a break above 396before 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 move our stop loss up and stay long.
Trading Strategy: Stay long and move stop loss up to 2414
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

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 higher 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, 1710

Thursday, October 13, 2011

September 12, 2011, Nifty

The Nifty 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 4720
Resistances: 4966, 5169, 5608,
Supports: 4900, 4720

October 12 , 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. 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 and look to move our stop loss up.
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 higher 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