Friday, July 9, 2010

July 09,Single Stock 2010

Bharti - Bharti made a higher low and a higher high. We will stay long.
Trading Strategy: Stay long with stop loss at 267.
Supports: 264, 260, 254
Resistances: 279, 292

Infosys - Infy made a higher low and a higher high. We will stay long.
Trading Strategy: Stay long with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2809, 2834

RIL - RIL made an inside day, indicating a possible trend reversal. However we will stay short.
Trading Strategy: Stay short with stop loss at 1082.
Supports: 975, 960
Resistances: 1100, 1150

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