Wednesday, December 23, 2009

December 23, 2009, Single Stock

Sorry for not posting yesterday.
Bharti - Bharti made a higher high and a higher low on Tuesday. We will go long with a stop loss at the recent low.
Trading strategy: Go long with a stop loss at 309
Supports: 300, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a higher low and a lower high. We will move our stop loss down and stay short.
Trading Strategy: Stay short, move stop loss to 2545
Supports: 2464-76, 2355, 2307
Resistances: 2572, 2556

RIL - RIL made a lower high, but a higher low. It was also a doji candle. We will stay short.
Trading Strategy: Stay short, keep stop loss at 1035
Supports: 1011, 901
Resistances: 1088, 1120

No comments: