Wednesday, February 10, 2010

February 10, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. 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: 300, 288.2
Resistances: 332, 348.8

Infosys - 2470 was broken and we switched to long. Keep stop loss at the recent low.
Trading Strategy: If you are not already long, go long. Keep stop loss at 2329.
Supports: 2415, 2307-29
Resistances: 2555, 2700

RIL - RIL made a doji candle. RIL looks like it is trading in a range. We will stay long.
Trading Strategy: Stay long with a stop loss at 975
Supports: 975, 901
Resistances: 1046, 1150

No comments: