Thursday, January 7, 2010

January 07, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay long, but move our stop loss up.
Trading strategy: Stay long, move stop loss to 326.
Supports: 323, 300, 288.2
Resistances: 348.8, 357

Infosys - Infy made a higher high and a higher low. It was an engulfing 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: 2683

RIL - RIL made an inside day. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1070, 1011, 901
Resistances: 1150

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