Tuesday, August 3, 2010

August 03, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 302.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a doji candle indicating indecision. We will stay long, but keep stop losses strict.
Trading: Stay long, with a stop loss to 2727.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a higher low. It looks like RIL is forming a base for a new uptrend. We will go long, with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 1007.
Supports: 1007, 975, 960
Resistances: 1100, 1150

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