Friday, October 15, 2010

October 15, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. Though there is a move up, 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 higher low. It was a sharp upmove. We will stay long.
Trading: Stay long, with stop loss at 3037.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1046.
Supports: 1046, 952, 922, 900
Resistances: 1100, 1150

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