Monday, January 30, 2012

January 30, 2012, Single Stock

Bharti - Bharti jumped up sharply on Friday. We will go long with a stop loss at the the recent low.
Trading Strategy: Go long with a stop loss at 336
Supports: 336, 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy jumped up sharply and made a higher high and a higher 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 stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 753.
Supports: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a lower low and a lower high. We will stay long, but move stop loss up.
Trading: Stay long, move stop loss up to 1920.
Resistances: 1960, 2018
Supports: 1920, 1748, 1625, 1590, 1571

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