Tuesday, June 8, 2010

June 08, 2010, Single Stock

Bharti - Bharti fell in trading on Monday, however we will stay long.
Trading Strategy: Stay long with a stop loss at 250.
Supports: 254, 269
Resistances: 279, 302, 321

Infosys - Infy fell sharply yesterday, however we will stay long. Keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2558.
Supports: 2558, 2458-7
Resistances: 2735, 2759

RIL - RIL made a hammer candle which was sharply lower. 975 will be a crucial support to watch today. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 960
Resistances: 1100, 1150

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