Wednesday, March 24, 2010

March 25, 2010, Single Stock

Bharti - On Tuesday, Bharti made a higher high and a lower low. 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 higher high and a higher low and we hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2636, 2613, 2582
Resistances: 2795, 2845

RIL - RIL moved up on Tuesday forming and interesting pattern. 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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