Thursday, February 25, 2010

February 25, 2010, Single Stock

Bharti - Bharti made an inside day. We now expect a major move in Bharti. We will stay long. Keep stop losses strict and be prepared to switch to short.
Trading strategy: Stay long with a stop loss at 269. Switch to short if 269 is broken.
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a higher high and a lower low. It was also a doji candle. We will wait and watch before taking a new position.
Trading Strategy:
Supports: 2458, 2415, 2307-29
Resistances: 2514, 2555-66, 2700

RIL - RIL made a lower low and a higher high. We will stay short.
Trading Strategy: Stay short with a stop loss at 1000
Supports: 975, 901
Resistances: 1046, 1150

No comments: