Wednesday, January 27, 2010

January 28, 2010, Single Stock

Bharti - Bharti did not break out, but fell. However it still made a low above our stop loss. We will stay long.
Trading strategy: Stay long with a stop loss at 315. Switch to short if 315 is broken.
Supports: 311-15, 300, 288.2
Resistances: 332, 348.8

Infosys - Infy made a lower low and a lower high. We will stay short, but move our stop loss down. 2458 is an important support. We will see if Infy can take a support from there.
Trading Strategy: Stay short, move stop loss down to 2570.
Supports: 2458, 2415, 2307
Resistances: 2572, 2700

RIL - RIL made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 1050
Supports: 990-1011, 901
Resistances: 1150

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