Tuesday, February 2, 2010

February 3, 2010, Single Stock

Bharti - Bharti made a higher hing and higher high. We will stay short, but look to close our position.
Trading strategy: Stay short, keep stop loss at 328.
Supports: 300, 288.2
Resistances: 332, 348.8

Infosys - Infy made a higher low but also a lower high. Keep stop losses strict. We will stay short.
Trading Strategy: Stay short, keep stop loss at 2530.
Supports: 2415, 2307
Resistances: 2555, 2700

RIL - RIL made a higher high, but a lower low. We will stay long, though we are not yet convinced of an up-move. Keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 1018
Supports: 990-1018, 901
Resistances: 1046, 1150

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