Tuesday, January 4, 2011

January 04, 2011, Single Stock

Happy New Year!
Bharti - Bharti made a higher high and a higher low. Bharti has made a new high and the prospects look good. We could expect a minor pull back and consolidation from here. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a higher high and and a higher low. Infy continues to make new highs. We will stay long and look to move our stop loss up.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. We will stay long and keep stop losses strict.
Trading:Stay long, with stop loss at 1036.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2656
Resistances: 3325, 3515
Supports: 2656, 2775, 2737

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