Tuesday, December 8, 2009

December 9, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. We will stay long, but move stop loss up.
Trading strategy: Stay long, move stop loss to 315
Supports: 288.2, 274.4
Resistances: 342.7, 357

Infosys - Infy finally made a positive break out. Stay long.
Trading Strategy: Stay long, move stop loss to 2380.
Supports: 2355, 2307
Resistances: 2457

RIL - RIL made an inside day. This indicates a trend reversal. We will stay short, but move stop loss down to Tuesday's high.
Trading Strategy: Stay short, move stop loss down to 1084.
Supports: 1011, 901 (New prices)
Resistances: 1120, 1143 (New prices)

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