Friday, September 3, 2010

September 03, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with a stop loss at 314.
Supports: 314, 292, 282
Resistances: 343

Infosys - Infy made a higher high and a higher low. The large candles indicate an increasing volatility in Infy. 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 higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 915
Supports: 900
Resistances: 994, 1100, 1150

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