Thursday, September 3, 2009

September 4, 2009, Single Stock

RIL - Made a lower high and a lower low. We will follow the down trend and move our stop loss down. We will also keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1987
Supports: 1943, 1868, 1717
Resistances: 1987, 2089, 2125

Infy - Infy made a higher high and a higher low. We will close our shot and go long. Trading Strategy: Book profits in the short. Go long with a stop loss at 2120, if Infy opens above 2120.
Supports: 2120, 2025
Resistances: 2199-2204, 2415

No comments: