Tuesday, November 2, 2010

November 02, 2010, Single Stock

Bharti - Bharti rose sharply today and made a higher low and a higher high. 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 higher low and a higher high. We will go long with a stop loss at the recent low.
Trading:Go long with a stop loss at 2948.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. It is a new high. 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 higher high and a higher low. We will stay short and keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 3253.
Resistances: 3325
Supports: 3043

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