Wednesday, January 6, 2010

January 06, 2010, Single Stock

Bharti - Bharti made a lower high, but also a higher low. We will stay long.
Trading strategy: Stay long, with stop loss at 323.
Supports: 323, 300, 288.2
Resistances: 348.8, 357

Infosys - Infy made a higher high and a higher low. However it was a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2464-76, 2355, 2307
Resistances: 2631

RIL - RIL made a higher high and a higher low. The volatility in RIL has increased in the last couple of trading sessions. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1070, 1011, 901
Resistances: 1150

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