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