Thursday, June 2, 2011

June 02, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. It hit our stop loss and we closed our postion. We will wait and watch before we take a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 345-51
Resistances:379, 390

Infosys - Infy made a higher low and a higher high. We will wait and watch before we take a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138

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