Monday, March 22, 2010

March 23, 2010, Single Stock

Bharti - On Friday, Bharti hit our stop loss and we closed our position. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 292, 269, 241.5
Resistances: 332, 348.8

Infosys - Infy made a lower low and a lower high. We will close our long and go short.
Trading Strategy: Close the long and go short with a stop loss at 2795
Supports: 2636, 2613, 2582
Resistances: 2795, 2845

RIL - RIL hit our stop loss on Friday and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1150

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