Wednesday, October 26, 2011

October 26 , 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will go long with a strict stop loss.
Trading Strategy: Go long with a stop loss at 371.
Supports: 371, 377, 360
Resistances: 396, 448

Infosys - Infy jumped up sharply. We will keep move our stop loss up and stay long.
Trading Strategy: Stay long, move stop loss up 2688.
Supports: 2688, 2301, 2162
Resistances: 2884, 3024

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 fell sharply and made a lower low and a lower high. 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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