Friday, August 27, 2010

August 27, 2010, Single Stock

Bharti - Bharti made a lower high and a higher low and is still above our stop loss.
Trading Strategy: Stay long, with stop loss at 308.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy hit our stop loss of 2750 and we closed our position. However we will go long again with a stop loss at 2730.
Trading: Go long with a stop loss at 2730
Supports: 2750, 2716, 2668
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. It has broken the support and 960. 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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