Friday, September 23, 2011

September 22, 2011, Single Stock

Bharti - Bharti made a lower 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 fell and made a lower high and a lower 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 fell sharply 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.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI fell and made a lower low and a lower high. We will stay long with a strict stop loss.
Trading: Stay long with a stop loss at 1905
Resistances: 2278, 2530
Supports: 1905, 1867

No comments: