Tuesday, December 20, 2011

December 19 , 2011, Single Stock

Bharti - Bharti fell and made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 369.
Supports: 343, 309
Resistances: 369, 396, 448

Infosys - Infy 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: 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell again and made a lower low and a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 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: 1710, 1629

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