Friday, July 2, 2010

July 02,Single Stock 2010

Bharti - Bharti made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 260.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a higher low and a lower high. It was a hammer candle. We will stay short.
Trading Strategy: Stay short with a stop loss at 2809
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made an inside day. However there is no clear sign of a trend and a trend reversal. We will stay short.
Trading Strategy: Stay short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150

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