Tuesday, December 7, 2010

December 07, 2010, Single Stock

Bharti - Bharti made a lower high and an equal low. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 328.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading:Stay long, move stop loss up to 3012.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL rose made a higher high and a higher low. We will wait and watch before taking a new position. We missed this up move in reliance, but feel safer as we were not sure of the trend.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower high and a lower low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2775.
Resistances: 3325, 3515
Supports: 2775, 2737

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