Monday, August 1, 2011

August 01, 2011, Single Stock

Bharti - Bharti made a highr high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 415.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy made an engulfing candle. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI fell and made a lower high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

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