Thursday, July 15, 2010

July 15,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 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy fell sharply yesterday. We will wait and watch before taking a new position. 2716 is an important support.
Trading: Play for resistance/support breaks or bounces.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. We will look for a strong move above 1100 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 975, 960
Resistances: 1100, 1150

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