Monday, July 12, 2010

July 12,Single Stock 2010

Nifty has just opened gap up.
Bharti - Bharti made a sharp move upwards on Friday. It was higher low and a higher high. We will stay long, but move our stop loss up.
Trading Strategy: Stay long with stop loss at 277.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy 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 2765.
Supports: 2716, 2668, 2558
Resistances: 2905

RIL - RIL made a lower low, but a higher high. However we will stay short, but keep stop losses strict.
Trading Strategy: Stay short with stop loss at 1082.
Supports: 975, 960
Resistances: 1100, 1150

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