Monday, August 2, 2010

July 29, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 302.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a lower low and a lower high. We will stay long.
Trading: Stay long, with a stop loss to 2727.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower low and a lower high. It was a big candle indicating increasing volatility in RIL. Supports at 1051 and 1040 are broken. We could see RIL move down.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150

No comments: