Thursday, October 28, 2010

October 28, 2010, Single Stock

Bharti - Bharti fell sharply again. However we will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 314
Supports: 314-8, 308
Resistances: 348-52, 377

Infosys - Infy made a lower high and a lower low. We hit our stop loss and closed our position. We will wait and watch before taking a enws position.
Trading:Play for resistance/support breaks or bounces.
Supports: 2980, 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a lower low. It was an engulfing candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a lower high and a lower low. We will stay short and move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 3253.
Resistances: 3325
Supports: 3043

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