Wednesday, August 18, 2010

August 18, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long. We will wait to see if we should 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 lower low and a lower high and also broke the support at 2750. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 2800,2905

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

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