Thursday, October 14, 2010

October 14, 2010, Single Stock

Bharti - Bharti made a lower low but a higher high. This could be an end to the down trend. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 338, 331, 314
Resistances: 348, 485

Infosys - Infy made a higher high and a lower low. It was a sharp upmove. We will stay long and move our stop loss up.
Trading: Stay long, move stop loss up to 3037.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a higher low. We will go long with a stop loss at 1046.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1046, 952, 922, 900
Resistances: 1100, 1150

No comments: