Friday, December 4, 2009

December 4, 2009, Single Stock

Bharti - Bharti made a lower high and a higher low. It was also a doji candle. We will stay long.
Trading strategy: Stay long, with stop loss at 302.7
Supports: 277.4, 274.4
Resistances: 307.9, 325.6

Infosys - Infy made another inconclusive candle. We still expect a major move in Infy. We will wait and take a position depending on which side the break out is.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2355, 2307
Resistances: 2427, 2449

RIL - RIL made an equal high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 1091
Supports: 1011, 901 (New prices)
Resistances: 1118, 1143 (New prices)

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