Wednesday, December 28, 2011

December 28, 2011, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 4531.
Resistances: 5169, 5608
Supports: 4531, 4720, 4639

December 28 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short and keep our stop losses strict.
Trading Strategy: Stay short, with stop loss at 352.
Supports: 343, 309
Resistances: 369, 396, 448

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 2650.
Supports: 2650, 2490-2301, 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 Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 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: 1710, 1629

Thursday, December 22, 2011

December 22, 2011, Nifty

Nifty moved up sharply and we will go long with a stop loss at the recent low. Trading Strategy: Go long with a stop loss at 4531.
Resistances: 5169, 5608
Supports: 4531, 4720, 4639

December 22 , 2011, Single Stock

Bharti - Bharti reversed its trend and made a higher high and a higher low. We will stay short and move our stop loss down.
Trading Strategy: Stay short, move stop loss to 352.
Supports: 343, 309
Resistances: 369, 396, 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 resistances/supports breaks or bounces.
Supports: 2490-2301, 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 Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made an inside day. 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: 1710, 1629

Wednesday, December 21, 2011

December 21, 2011, Nifty

Nifty fell but also made and engulfing candle. We will wait and watch before taking a new position. This could be a signal for a change in the trend.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 5169, 5608
Supports: 4720, 4639

December 21 , 2011, Single Stock

Bharti - Bharti fell 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 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell again and made a lower low and a higher high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 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: 1710, 1629

Tuesday, December 20, 2011

December 19, 2011, Nifty

Nifty fell sharply and 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.
Resistances: 5169, 5608
Supports: 4720, 4639

December 19 , 2011, Single Stock

Bharti - Bharti fell and made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

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 resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell again and made a lower low and a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 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: 1710, 1629

Monday, December 19, 2011

December 18, 2011, Nifty

Nifty fell and 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.
Resistances: 5169, 5608
Supports: 4720, 4639

December 18 , 2011, Single Stock

Bharti - Bharti fell made a higher high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy made a higher high and higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL moved up 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 resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 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: 1710, 1629

Wednesday, December 14, 2011

December 14, 2011, Nifty

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: 5169, 5608
Supports: 4720, 4639

December 14 , 2011, Single Stock

Bharti - Bharti fell and made a lower high and a lower low. We will stay short. Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy made a higher high and higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell further and made a lower high and a lower low. We will stay short. Trading: Stay short with a stop loss at 774.
Supports: 753, 712
Resistances: 774, 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: 1710, 1629

Tuesday, December 13, 2011

December 13, 2011, Nifty

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: 5169, 5608
Supports: 4720, 4639

December 13 , 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. The support at 343 was broken. The next support is a 309. We will go short.
Trading Strategy: Go short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy move up and made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell sharply and made a lower high and a lower low. The support at 751 was broken and we will go short.
Trading:Go short with a stop loss at 774.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a huge engulfing candle and 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: 1710, 1629

Monday, December 12, 2011

December 12, 2011, Nifty

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: 5169, 5608
Supports: 4720, 4639

December 12 , 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 resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy jumped and made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell sharply 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 jumped and 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: 1710, 1629

Friday, December 2, 2011

December 02, 2011, Nifty

Nifty jumped 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: 5169, 5608
Supports: 4720, 4639

December 02 , 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 resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy jumped and made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 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 jumped and made a higher high and a higer 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: 1710, 1629

Thursday, December 1, 2011

December 01, 2011, Nifty

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: 5169, 5608
Supports: 4720, 4639

December 01 , 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 resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

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 for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629