Thursday, February 25, 2010

February 26, 2010, Single Stock

Bharti - Bharti made a doji candle. 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 moved up sharply to make a higher high and a lower low. We will go long.
Trading Strategy: Go long with a stop loss at 2551
Supports: 2458, 2415, 2307-29
Resistances: 2700

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

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