Friday, August 6, 2010

August 06, 2010, Single Stock

Bharti - Bharti made a lower high and a higher low. We will stay long. It looks like 330 is a big resistance.
Trading Strategy: Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading: Stay long, with a stop loss at 2770.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1007, 975, 960
Resistances: 1100, 1150

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