Wednesday, July 7, 2010

July 07,Single Stock 2010

Bharti - Bharti made a higher low and a higher high. We will stay long, and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 264.
Supports: 264, 260, 254
Resistances: 270, 279, 292

Infosys - Infy made a higher low and a higher high. It looks like the down trend is ending. We will stay short, but keep stop losses strict. Be prepared to switch to long inf 2809 is broken.
Trading Strategy: Stay short with a stop loss at 2809, switch to long if 2809 is broken.
Supports: 2668, 2558
Resistances: 2809, 2834

RIL - RIL made a higher high and a higher low. We will stay short.
Trading Strategy: Stay short, with a stop loss at 1090.
Supports: 975, 960
Resistances: 1100, 1150

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