Monday, March 8, 2010

March 09, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay long, but keep stop losses strict.
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 move our stop loss up.
Trading Strategy: Stay long. move stop loss up to 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a lower low. However it did not break 1000. 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

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