Tuesday, March 9, 2010

March 10, 2010, Single Stock

Bharti - Bharti made a doji candle as well as lower low and a lower high. It also came close to our stop loss. It looks like our stop loss will be hit. We will stay long, but keep stop losses strict and be prepared to switch to short.
Trading strategy: Stay long with stop loss at 285. If 285 is broken, go short.
Supports: 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a higher high and a lower low. We will stay long.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a lower low and a lower high. It also broke, 1000. We will go short.
Trading Strategy: Go short with a stop loss at 1040.
Supports: 975, 901
Resistances: 1040-46, 1150

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