Monday, December 12, 2011

December 12 , 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 354, 343
Resistances: 396, 448

Infosys - Infy jumped and made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell sharply 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 jumped and 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: 1710, 1629

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