Friday, December 10, 2010

December 10, 2010, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. However our stop loss was not hit. 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. It was also a doji candle. We will stay long.
Trading:Stay long, with stop loss at 3012.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower high and a lower low. Most of its gains of the last few sessions were lost. 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, 1125

SBIN - SBI fell sharply again and 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 new position.
Trading Strategy: We will wait and watch before taking a new position.
Resistances: 3325, 3515
Supports: 2775, 2737

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