Wednesday, July 6, 2011

July 06, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long.
Trading Strategy: Stay long, with a stop loss at 367.
Supports: 367, 345-51
Resistances:379, 390

Infosys - Infy made a lower low and a lower high. It was also a doji candle. We will stay long.
Trading: Stay long, with stop loss at 2736
Supports: 2736
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower low and a lower high. 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 lower low. It was an engulfing candle. 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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