Friday, January 8, 2010

January 08, 2010, Single Stock

Bharti - Bharti made an inside day. We will stay long. But be prepared to switch to short if our stop loss is hit.
Trading strategy: Stay long with stop loss at 326. If 326 is broken, switch to short with a stop loss at 335.1
Supports: 323, 300, 288.2
Resistances: 335.1, 348.8

Infosys - Infy made a lower high and a lower low. We will go short.
Trading Strategy: Go short with a stop loss at 2683.
Supports: 2464-76, 2355, 2307
Resistances: 2683

RIL - RIL made a higher high and a higher low. We will go long.
Trading Strategy: Go long with a stop loss at 1065.
Supports: 1065, 1011, 901
Resistances: 1150

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