Friday, March 5, 2010

March 05, 2010, Single Stock

Bharti - Bharti made an engulfing candle. We will stay long.
Trading strategy: Stay long with stop loss at 285
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a lower high and a lower low. We will stay long, but be prepared to switch to short.
Trading Strategy: Stay long with a stop loss at 2582. Switch to short if 2582 is broken.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a higher low. However it did not break 1050. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1046, 1150

No comments: