Tuesday, February 23, 2010

February 23, 2010, Single Stock

Bharti - Bharti made a higher low, but a lower high. We will stay long. Keep stop losses strict.
Trading strategy: Stay long with a stop loss at 269
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made higher high and a higher low. We were short and hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading Strategy:
Supports: 2458, 2415, 2307-29
Resistances: 2514, 2555-66, 2700

RIL - RIL broke the support at 975. We will go short.
Trading Strategy: Go short with a stop loss at 1000
Supports: 975, 901
Resistances: 1046, 1150

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