Tuesday, January 12, 2010

January 13, 2010, Single Stock

Bharti - 324 was broken and we hit our stop loss. The next support is 311 and then 300. We will go short.
Trading strategy: We will go short with a stop loss 332
Supports: 311, 300, 288.2
Resistances: 332, 348.8

Infosys - Infy made a sharp up move today. However our stop loss was not hit. We will stay short
Trading Strategy: Stay short, keep stop loss down at 2629.
Supports: 2464-76, 2355, 2307
Resistances: 2629, 2683

RIL - RIL continues to make large candles, implying high volatility. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1050, 1011, 901
Resistances: 1150

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