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