Wednesday, February 3, 2010

February 4, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. It was also a doji candle. We will stay short.
Trading strategy: Stay short, keep stop loss at 328.
Supports: 300, 288.2
Resistances: 332, 348.8

Infosys - Infy made an inside day indicating a possible trend reversal. 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 hammer as well as an inside day. This indicates a strong possibility of a trend reversal. We will stay long, the up move seems to look more possible now.
Trading Strategy: Stay long with a stop loss at 1018
Supports: 990-1018, 901
Resistances: 1046, 1150

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