Tuesday, January 25, 2011

January 25, 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. The stop loss at 330 is still not hit. We will stay long and keep stop losses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower low and a higher high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a lower low. We will stay long and keep stop losses strict.
Trading: Stay long with a stop loss at 954
Supports: 998, 952, 922
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 2463
Play for resistance/support breaks or bounces
Resistances: 3325, 3515
Supports: 2463, 2536, 2656

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