Wednesday, October 19, 2011

October 19 , 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a lower high and a lower low. We will keep our stop loss strict and stay long.
Trading Strategy: Stay long, with stop loss at 2490
Supports: 2301, 2162
Resistances: 2461, 2488-2500, 2884

RIL - RIL fell sharply again 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.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a lower high and a lower low. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867, 1710

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