Friday, January 20, 2012

January 20, 2012, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy fell and made a lower high and a lower low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL made a higher high and a higher low. We will go stay long.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made a higher high and a higher low. We will stay long.
Trading: Stay long, with a stop loss 1748.
Resistances: 1840, 1960
Supports: 1748, 1625, 1590, 1571

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