Monday, February 15, 2010

February 16, 2010, Single Stock

Bharti - Bharti fell sharply on Monday. We missed the fall as we did not have a conclusive position. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 288.2, 274.4
Resistances: 332, 348.8

Infosys - Infy 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 up to 2448.
Supports: 2415, 2307-29
Resistances: 2555, 2700

RIL - RIL broke out of its trading range and made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 975
Supports: 975, 901
Resistances: 1046, 1150

No comments: