Wednesday, September 1, 2010

September 01, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. Bharti moved up sharply, but we will wait and watch before moving our stop loss up.
Trading Strategy: Stay long, with stop loss at 308.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy made a higher high and a higher 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 but a lower high. Clerly RIL has not yet found a bottom. The next support is t 900 which was the Nov-09 low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 900
Resistances: 994, 1100, 1150

No comments: