Thursday, July 8, 2010

July 08,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 267.
Supports: 264, 260, 254
Resistances: 279, 292

Infosys - Infy made a higher low and a higher high. 2809 was not broken yesterday but was broken in early trade this morning. We will switch to long.
Trading Strategy: Close the short and go long with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2809, 2834

RIL - RIL made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 1082.
Supports: 975, 960
Resistances: 1100, 1150

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