Thursday, November 26, 2009

November 27, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long.
Trading strategy: Stay long with a stop loss at 277.4
Supports: 277.4, 270.6
Resistances: 307.9, 325.6

Infosys - Infy made a lower low and a lower high. Our stop loss was just hit and we closed our position with a loss.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2367, 2249, 2120-30
Resistances: 2449

RIL - RIL hit our stop loss and closed our position. We have not yet adjusted for the stock split so our numbers are still based on the old prices.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2044-61, 2036
Resistances: 2213, 2236-40

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