Tuesday, March 16, 2010

March 16, 2010, Single Stock

Bharti - Bharti made a higher high but also a lower low. We could see a fall from here. We will stay short, but keep stop losses strict.
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 but also a lower low. It fell sharply to an intra day low of 2636. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 2613.
Supports: 2582, 2458, 2415
Resistances: 2700-13

RIL - RIL made a lower high and a lower. 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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