Friday, March 16, 2012

March 16, 2012, Nifty

Nifty fell and made a lower low and a lower high. We will wait and watch for a new trend to set in.
Trading Strategy: Play for resistnace/support breaks or bounces.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531

March 16, 2012, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 355.
Supports: 336, 320, 309
Resistances: 355, 396-98, 412, 448

Infosys - Infy made a lower high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell sharply and made a lower low and a lower high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI fell sharply and made a lower low and a lower high. We will stay long, but keep our stop loss strict.
Trading: Stay long, with stop loss at 2246.
Resistances: 2530
Supports: 2246, 2100,1970, 1920, 1748, 1625, 1590, 1571

Thursday, March 15, 2012

March 15, 2012, Nifty

Nifty made a higher high and a higher low. We will wait and watch for a new trend to set in.
Trading Strategy: Play for resistnace/support breaks or bounces.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531

March 15, 2012, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short.
Trading Strategy: Stay short with a stop loss at 355.
Supports: 336, 320, 309
Resistances: 355, 396-98, 412, 448

Infosys - Infy made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 2246.
Resistances: 2530
Supports: 2246, 2100,1970, 1920, 1748, 1625, 1590, 1571

Wednesday, March 14, 2012

March 14, 2012, Nifty

Nifty made a higher high and a higher low. We will wait and watch for a new trend to set in.
Trading Strategy: Play for resistnace/support breaks or bounces.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531

March 14, 2012, Single Stock

Bharti - Bharti made a lower low and a lower high. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 355.
Supports: 336, 320, 309
Resistances: 355, 396-98, 412, 448

Infosys - Infy made an inside day. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI 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 2246.
Resistances: 2530
Supports: 2246, 2100,1970, 1920, 1748, 1625, 1590, 1571

Tuesday, March 13, 2012

March 13, 2012, Nifty

Nifty hit our stop loss on Feb 27 and we closed our position. We will wait and watch for a new trend to set in.
Trading Strategy: Play for resistnace/support breaks or bounces.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531

March 13, 2012, Single Stock

Bharti - Bharti made a higher high and a higher low. It broke the support of 336 and fell a bit further. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 355, 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made an engulfing candle. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell and and took support at 750. However the trend looks negative. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI fell sharply but stayed above our stop loss. We will stay long, but look to move our stop loss up.
Trading: Stay long, with stop loss at 2100.
Resistances: 2530
Supports: 2100,1970, 1920, 1748, 1625, 1590, 1571

Monday, February 27, 2012

February 27, 2012, Nifty

Nifty fell during the week re-inforcing our negative view. We will keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, with a stop loss at 5325.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531

February 27, 2012, Single Stock

Bharti - Bharti rose during the first half of last week, but fell after that. On Friday, Bharti made a higher 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: 355, 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a lower high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a lower low and a lower high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI fell sharply last week but is still above our stop loss. We will stay long and keep stop losses strict.
Trading: Stay long, with stop loss at 2100.
Resistances: 2530
Supports: 2100,1970, 1920, 1748, 1625, 1590, 1571

Monday, February 20, 2012

February 20, 2012, Nifty

Nifty made higher high and a lower low. The failure to clear 5608 is a negative signal. We will keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, move stop loss up to 5325.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531

February 20, 2012, 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 resistances/supports breaks or bounces.
Supports: 355, 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher high and a higher low. We missed the uptrend last week. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL hit our stop loss on Thursday and we closed our position. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI 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 2100.
Resistances: 2530
Supports: 2100,1970, 1920, 1748, 1625, 1590, 1571

Tuesday, February 14, 2012

February 14, 2012, Nifty

Nifty made lower high and a higher low. This is a further strong sign of the end of the uptrend. We will keep stop losses strict, but we will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5325.
Resistances: 5608
Supports: 5325, 5205, 5021, 4827, 4795, 4588,4531

February 14, 2012, Single Stock

Bharti - Bharti 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: 355, 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made an inside day. This could be a sign of a trend reversal. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher low and a lower high. We will stay long.
Trading Strategy: Stay long, with a stop loss at 815.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI fell sharply and made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading: Stay long, with stop loss at 2060.
Resistances: 2018, 2113
Supports: 1970, 1920, 1748, 1625, 1590, 1571

Thursday, February 9, 2012

February 09, 2012, Nifty

Nifty made an inside day. This is a further strong sign of the end of the uptrend. We will keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, move stop loss up to with stop loss at 5077.
Resistances: 5608
Supports: 5205, 5021, 4827, 4795, 4588,4531

February 09, 2012, Single Stock

Bharti - Bharti fell sharply and hit our stop loss and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 355, 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made an inside day. This could be a sign of a trend reversal. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 815.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI made an equal high and a higher low. We will stay long, but keep stop losses strict and move our stop loss up.
Trading: Stay long, move stop loss up to 2060.
Resistances: 2018, 2113
Supports: 1970, 1920, 1748, 1625, 1590, 1571

Wednesday, February 8, 2012

February 08, 2012, Nifty

Nifty made an engulfing candle. This could be the end of the uptrend. We will move our stop loss up, and stop losses strict, but we will stay long.
Trading Strategy: Stay long, move stop loss up to with stop loss at 5077.
Resistances: 5608
Supports: 5205, 5021, 4827, 4795, 4588,4531

February 08, 2012, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will stay long, but keep stop losses strict and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 355.
Supports: 355, 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy fell sharply and made a lower low and a lower high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL 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 815.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher low, but a lower high. We will stay long, but keep stop losses strict.
Trading: Stay long, with stop loss at 1970.
Resistances: 2018, 2113
Supports: 1970, 1920, 1748, 1625, 1590, 1571

Monday, February 6, 2012

February 06, 2012, Nifty

Nifty moved up and made a higher high and a higher low. We will keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, with stop loss at 5077.
Resistances: 5169, 5326, 5608
Supports: 5021, 4827, 4795, 4588,4531

February 06, 2012, Single Stock

Bharti - Bharti jumped up sharply and made a higher low and a higher high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 336
Supports: 355, 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher low and a higher high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long, with a stop loss at 790.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher low and a higher high. We will stay long, but keep stop losses strict.
Trading: Stay long, with stop loss at 1970.
Resistances: 2018, 2113
Supports: 1970, 1920, 1748, 1625, 1590, 1571

Friday, February 3, 2012

February 03, 2012, Nifty

Nifty moved up and made a higher high and a higher low. We will keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, with stop loss at 5077.
Resistances: 5169, 5326, 5608
Supports: 5021, 4827, 4795, 4588,4531

February 03, 2012, Single Stock

Bharti - Bharti jumped up sharply and made a higher low and a higher high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 336
Supports: 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher low and a higher high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 790.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a lower low and a higher high. We will stay long, but keep stop losses strict.
Trading: Stay long, with stop loss at 1970.
Resistances: 2018, 2113
Supports: 1970, 1920, 1748, 1625, 1590, 1571

Thursday, February 2, 2012

February 02, 2012, Nifty

Nifty moved up and made a higher high and a higher low. We will keep stop losses strict, but we will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 5077.
Resistances: 5169, 5608
Supports: 5021, 4827, 4795, 4588,4531

February 02, 2012, Single Stock

Bharti - Bharti made a higher low and a lower high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 336
Supports: 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a lower low and a lower high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 790.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher low and a higher high. We will stay long, but move our stop loss up.
Trading: Stay long, move stop loss up to 1970.
Resistances: 2018
Supports: 1970, 1920, 1748, 1625, 1590, 1571

Wednesday, February 1, 2012

February 01, 2012, Nifty

Nifty moved up and made a higher high and a higher low. We will keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, with a stop loss at 5021.
Resistances: 5169, 5608
Supports: 5021, 4827, 4795, 4588,4531

February 01, 2012, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 336
Supports: 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL 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 790.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher low and a higher high. We will stay long, but keep stop losses strict.
Trading: Stay long, with stop loss at 1920.
Resistances: 1960, 2018
Supports: 1920, 1748, 1625, 1590, 1571

Tuesday, January 31, 2012

January 31, 2012, Nifty

Nifty fell and made a lower low and a lower high. We will prepare for the trende reversal and keep stop losses strict, but we will stay long.
Trading Strategy: Stay long, with a stop loss at 5021.
Resistances: 5169, 5608
Supports: 5021, 4827, 4795, 4588,4531

January 31, 2012, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 336
Supports: 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a lower high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell and made a lower high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell and made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading: Stay long, with stop loss at 1920.
Resistances: 1960, 2018
Supports: 1920, 1748, 1625, 1590, 1571

Monday, January 30, 2012

January 30, 2012, Nifty

Nifty made a higher high and a higher low, but it was a hammer candle, indicating a possible trend reversal. We will stay long, but move stop loss up.
Trading Strategy: Stay long, with a stop loss at 5-21.
Resistances: 5169, 5608
Supports: 5021, 4827, 4795, 4588,4531,

January 30, 2012, Single Stock

Bharti - Bharti jumped up sharply on Friday. We will go long with a stop loss at the the recent low.
Trading Strategy: Go long with a stop loss at 336
Supports: 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy jumped up sharply and made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a lower low and a lower high. We will stay long, but move stop loss up.
Trading: Stay long, move stop loss up to 1920.
Resistances: 1960, 2018
Supports: 1920, 1748, 1625, 1590, 1571

Wednesday, January 25, 2012

January 25, 2012, Nifty

Nifty made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 4827.
Resistances: 5169, 5608
Supports: 4827, 4795, 4588,4531, 4720, 4639

January 25, 2012, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI jumped up sharply. We will stay long.
Trading: Stay long, with stop loss at 1820.
Resistances: 1960, 2018
Supports: 1920, 1748, 1625, 1590, 1571

Tuesday, January 24, 2012

January 24, 2012, Nifty

Nifty made a lower high and a higher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 4827.
Resistances: 5169, 5608
Supports: 4827, 4795, 4588,4531, 4720, 4639

January 24, 2012, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a lower high and a lower low. RIL came close to our stop loss but did not brake it. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading: Stay long, move stop loss up to 1820.
Resistances: 1960, 2018
Supports: 1920, 1748, 1625, 1590, 1571

Monday, January 23, 2012

January 23, 2012, Nifty

Nifty made a higher high and a hgiher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 4827.
Resistances: 5169, 5608
Supports: 4827, 4795, 4588,4531, 4720, 4639

January 23, 2012, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a lower high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high, but a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI 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 1820.
Resistances: 1960, 2018
Supports: 1920, 1748, 1625, 1590, 1571

Friday, January 20, 2012

January 20, 2012, Nifty

Nifty made a higher high and a hgiher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 4827.
Resistances: 5169, 5608
Supports: 4827, 4795, 4588,4531, 4720, 4639

January 20, 2012, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy fell and made a lower high and a lower low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will go stay long.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading: Stay long, with a stop loss 1748.
Resistances: 1840, 1960
Supports: 1748, 1625, 1590, 1571

Thursday, January 19, 2012

January 19, 2012, Nifty

Nifty made a higher high and a hgiher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 4827.
Resistances: 5169, 5608
Supports: 4827, 4795, 4588,4531, 4720, 4639

January 19, 2012, Single Stock

Bharti - Bharti moved up and made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy fell and made a lower high and a lower low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL jumped up and made a higher high and a higher low. We will go long with a stop loss above the resistance band.
Trading Strategy: Go long with a stop loss at 753.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made lower high and a lower low. We stay long, and move our stop loss up.
Trading: Stay long, move stop loss up to 1748.
Resistances: 1840, 1960
Supports: 1748, 1625, 1590, 1571

Monday, January 16, 2012

January 17, 2012, Nifty

Nifty made a lower high and a lower low. We will stay long with stop loss at 4804
Trading Strategy: Stay long, with a stop loss at 4804.
Resistances: 5169, 5608
Supports: 4795, 4588,4531, 4720, 4639

January 17, 2012, Single Stock

Bharti - Bharti moved up and made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell 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: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made an engulfing candle. We stay long, but keep stop losses strict.
Trading: Stay long, with stop loss at 1625.
Resistances: 1840, 1960
Supports: 1625, 1590, 1571

Sunday, January 15, 2012

January 16, 2012, Nifty

Nifty made a higher high and a higher low. We will stay long with stop loss at 4804
Trading Strategy: Stay long, move stop loss up to 4804.
Resistances: 5169, 5608
Supports: 4795, 4588,4531, 4720, 4639

January 16, 2012, Single Stock

Bharti - Bharti moved up and made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy fell sharply on results and made a lower low and a lower high. We closed our position but Infy opened gap down on Jan 12.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 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 Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI jumped and made a higher high and a higher low. We stay long.
Trading: Stay long, with stop loss at 1625.
Resistances: 1840, 1960
Supports: 1625, 1590, 1571

Tuesday, January 10, 2012

January 11, 2012, Nifty

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 4795.
Resistances: 5169, 5608
Supports: 4795, 4588,4531, 4720, 4639

January 11, 2012, Single Stock

Bharti - Bharti moved up and made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy made a higher high and a lower low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 2811.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL jumped 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: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI jumped and made a higher high and a higher low. We will move our stop loss up and stay long.
Trading: Stay long, move stop loss up to 1625.
Resistances: 1840, 1960
Supports: 1625, 1590, 1571

Monday, January 9, 2012

January 10, 2012, Nifty

Nifty made and equal high and a lower low. It was the second successive doji candle for the Nifty. We will stay long.
Trading Strategy: Stay long, with a stop loss at 4588.
Resistances: 5169, 5608
Supports: 4588,4531, 4720, 4639

January 10, 2012, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will wait and watch before we take a new position. The support at 343 was broken.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 309,
Resistances: 396-98, 412, 448

Infosys - Infy made a higher 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 2650.
Supports: 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL 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 made a lower high and a lower low. We will keep stop losses strict and go long.
Trading: Stay long with a stop loss at 1590
Resistances: 1700, 1840, 1960
Supports: 1590, 1571

Wednesday, January 4, 2012

January 4, 2012, Nifty

Nifty moved 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 4588.
Resistances: 5169, 5608
Supports: 4588,4531, 4720, 4639

January 4, 2012, Single Stock

Bharti - Bharti moved up sharply and made a higher low and a lower high. We hit our stop loss and closed our position. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 343, 309
Resistances: 396-98, 412, 448

Infosys - Infy moved up sharply and made a higher 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 2650.
Supports: 2650, 2490-2301, 2162
Resistances: 2884, 3024

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 Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI moved up sharply and made a higher high and a higher low. We will stay long.
Trading: Stay long with a stop loss at 1690
Resistances: 1700, 1840, 1960
Supports: 1590, 1571

Tuesday, January 3, 2012

January 3, 2012, Nifty

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

January 3, 2012, Single Stock

Bharti - Bharti made a higher low and a lower high. 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 lower low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 2650.
Supports: 2650, 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 Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made an inside day. This looks like the bottom. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 1690
Resistances: 1700, 1840, 1960
Supports: 1590, 1571

Sunday, January 1, 2012

January 2, 2012, Nifty

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

January 2, 2012, Single Stock

Bharti - Bharti made a higher low and a lower high. 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 lower 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 2650.
Supports: 2650, 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 Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a higher high and a higher low. We will wait to see if this is a bottom.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1710, 1629