Thursday, August 4, 2011

August 04, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. It fell sharply and we hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy fell sharply and made a lower high and a lower low. We hit our stop loss and closed our position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL 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: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made a higher low and a lower high. 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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