Monday, March 15, 2010

March 15, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short.
Trading strategy: Stay short with a stop loss at 304.
Supports: 269, 241.5
Resistances: 304, 332, 348.8

Infosys - Infy made a higher high and higher low. It edged just above 2700. We will look for a strong break out above 2700. We will stay long.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700

RIL - RIL made a higher high and a higher low, however we will stay short.
Trading Strategy: Stay short with a stop loss at 1040.
Supports: 975, 901
Resistances: 1040-46, 1150

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