Tuesday, December 1, 2009

December 1, 2009, Single Stock

Bharti - Bharti 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 274.4
Supports: 277.4, 274.4
Resistances: 307.9, 325.6

Infosys - Infy made a higher low, but now a higher high.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2307, 2249
Resistances: 2449

RIL - RIL made a higher high and a hgher low. However it was a doji candle, so we could see a strong move from here. We have not yet adjusted for the stock split so our numbers are still based on the old prices.
Trading Strategy: Go long with a stop loss at 1011 (New price)
Supports: 1011, 2044-61, 2036 (Old prices)
Resistances: 2213, 2236-40 (Old prices)

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