Friday, July 16, 2010

July 16,Single Stock 2010

Bharti - Bharti made a lower low and a lower high, but we will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made an inside day. This could signal a change in the short-term down trend. 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 lower 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

No comments: