Sunday, January 31, 2010

February 1, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short.
Trading strategy: Stay short with a stop loss at 332.
Supports: 300, 288.2
Resistances: 332, 348.8

Infosys - Infy made a lower low but a higher high. We will stay short, but move stop loss down.
Trading Strategy: Stay short, move stop loss down to 2555.
Supports: 2458, 2415, 2307
Resistances: 2572, 2700

RIL - RIL made a lower low but 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: 990-1011, 901
Resistances: 1046, 1150

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