Friday, September 24, 2010

September 24, 2010, Single Stock

Bharti - Bharti made a lower high, and a lower low. We will stay long, but keep our stop losses strict. It looks like the up move in Bharti is finally ending.
Trading Strategy: Stay long, with stop loss at 345.
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a lower low and a lower high. We will stay long.
Trading: Stay long with a stop loss at 2959
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a lower high and a lower low. It almost hit our stop loss. We expect to hit our stop loss on Friday. However we will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 990.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

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