Friday, March 19, 2010

March 19, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. However our stop loss of 304 is not yet hit. 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 a higher low. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2713.
Supports: 2636, 2613, 2582, 2458
Resistances: 2794, 2845

RIL - RIL made a lower low and a lower high. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 1064.
Supports: 975, 901
Resistances: 1150

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