Wednesday, December 2, 2009

December 2, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long, but move our stop loss up.
Trading strategy: Stay long, move stop loss to 300.6
Supports: 277.4, 274.4
Resistances: 307.9, 325.6

Infosys - Infy made a higher high and a higher low. However it was a hammer candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2307, 2249
Resistances: 2449

RIL - RIL made a higher high and a higher low. However it was a doji candle, so we could see a strong move from here.
Trading Strategy: Go long with a stop loss at 1067 (New price)
Supports: 1011, 901 (New prices)
Resistances: 1113, 1143 (New prices)

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