Monday, October 31, 2011

October 31 , 2011, Single Stock

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

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long, with stop loss at 2688.
Supports: 2688, 2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. It was also a doji candle. 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 higher high and a higher low after the inside day on 26 Oct. 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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