Tuesday, January 5, 2010

January 05, 2010, Single Stock

Bharti - Bharti made a higher high, but also a higher low. We will stay long.
Trading strategy: Stay long, with stop loss at 323.
Supports: 323, 300, 288.2
Resistances: 348.8, 357

Infosys - Infy made a higher high and a higher low. However it was a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2464-76, 2355, 2307
Resistances: 2630

RIL - RIL made a hammer candle yesterday. 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: 1070, 1011, 901
Resistances: 1113, 1120

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