Friday, January 7, 2011

January 07, 2011, Single Stock

Bharti - Bharti rose and made a higer low and a lower high. 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 lower low. It was also a doji candle. 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 higher high and a higher 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 fell sharply and made a lower low and a lower high. We hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2656, 2775, 2737

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