Monday, February 1, 2010

February 2, 2010, Single Stock

Bharti - Bharti made a higher low but also lower high. We will stay short, but move our stop loss down.
Trading strategy: Stay short, move stop loss down to 328.
Supports: 300, 288.2
Resistances: 332, 348.8

Infosys - Infy made a lower low but also higher high. It was the second successive doji candle. Keep stop losses strict. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 2530.
Supports: 2415, 2307
Resistances: 2555, 2700

RIL - RIL made a higher high and a higher low. We will go long.
Trading Strategy: Go long with a stop loss at 1018
Supports: 990-1018, 901
Resistances: 1046, 1150

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