Thursday, August 5, 2010

August 05, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a sharp upmove. Our persistence was rewarded. We will stay long, but move our stop loss up.
Trading: Stay long, with a stop loss to 2770.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1007.
Supports: 1007, 975, 960
Resistances: 1100, 1150

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