Tuesday, September 28, 2010

September 28, 2010, Single Stock

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

Infosys - Infy made a higher high and a higher low. We will stay long and move our stop loss up.
Trading: Stay long, move stop loss up to 2973.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL hit our stop loss on Friday and we closed our position. On Monday it made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 994, 1100, 1150

No comments: