Thursday, September 2, 2010

September 02, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. Bharti moved up sharply. We will move our stop loss up to but we will wait and watch before moving our stop loss up.
Trading Strategy: Stay long, move stop loss up to 314.
Supports: 314, 292, 282
Resistances: 343

Infosys - Infy made a higher high and a higher low. With the rest if the market Infy jumped up sharply. However 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 an indside day, indicating a possible trend reversal. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 915
Supports: 900
Resistances: 994, 1100, 1150

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