Tuesday, October 5, 2010

October 5, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. However our stop loss was not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long with stop loss at 353.
Supports: 338, 331, 314
Resistances: 348, 485

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

RIL - RIL made a higher high and a higher low. However it was a hammer 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: 994, 1100, 1150

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