Friday, April 23, 2010

April 23, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will go short.
Trading strategy: Go short with a stop loss at 308.2
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a hgher high but a lower low. We will move our stop loss down, but stay short.
Trading Strategy: Stay short, move stop loss down to 2790.
Supports: 2636, 2613
Resistances: 2790, 2825, 2870

RIL - RIL made a higher high and a higher low. It looks like 1050 is holding. We will waint and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1050, 975
Resistances: 1150

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