Saturday, November 28, 2009

November 30, 2009, Single Stock

Bharti - Bharti made a lower low and a higher high. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces.
Supports: 277.4, 274.4
Resistances: 287.6, 307.9

Infosys - Infy made a lower low and a lower high. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2249, 2120-30
Resistances: 2449

RIL - RIL made a lower low and a lower high. However it was a doji candle, so we could see a rebound from here. 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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