Monday, September 20, 2010

September 20, 2010, Single Stock

Bharti - Bharti made an equal high, and a higher low. We will stay long. It looks like the up move in Bharti is finally ending. We may hit our stop loss today.
Trading Strategy: Stay long, with stop loss at 345.
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a lower high and a higher low. It was also a doji candle. We will wait for a good entry point to take a long 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 move out stop loss up and stay long.
Trading Strategy: Stay long, move stop loss up to 990.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

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