Wednesday, August 25, 2010

August 25, 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, move stop loss up to 308.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a lower high and a lower low. 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. Last time RIL was able to take support from around 960 (958) we will see if the support hold this time. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1007, 975, 960
Resistances: 1100, 1150

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