Thursday, September 16, 2010

September 16, 2010, Single Stock

Bharti - Bharti made a higher high, and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 345.
Supports: 338, 331, 314
Resistances: 348, 485

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: 3000

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 952
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

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