Wednesday, September 21, 2011

September 21, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 392, 377
Resistances: 448

Infosys - Infy moved up and made a higher high and a higher low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2342, 2162
Resistances: 2385, 2500

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: 753, 712
Resistances: 892-907, 967

SBIN - SBI moved up sharply and made a higher low and a hgiher high. This is a positive signal after the inside day. We will go long with a stop loss at the inside day.
Trading: Go long with a stop loss at 1905
Resistances: 2278, 2530
Supports: 1905, 1867

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