Monday, March 29, 2010

March 30, 2010, Single Stock

Bharti - Bharti made a higher low and a lower high. It was an inside day indicating a trend reversal. We will stay short.
Trading strategy: Stay short with a stop loss at 321.
Supports: 292, 269, 241.5
Resistances: 321, 332, 348.8

Infosys - Infy hit our stop loss at 2743 and we booked profits. We will no go short with a stop loss at the recent high.
Trading Strategy: Go short, with a stop loss at 2870
Supports: 2636, 2613
Resistances: 2795, 2845

RIL - RIL made a lower high and a lower low. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with a stop loss at 1062
Supports: 1062, 975, 901
Resistances: 1150

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