Tuesday, April 27, 2010

April 27, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short and move our stop loss down.
Trading strategy: Stay short, move stop loss down to with a stop loss at 303.9Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a higher low. However 2790 was not broken. We will stay short, but be prepared to switch to long if our stop loss is hit.
Trading Strategy: Stay short with stop loss at 2790. If 2790 is broken, go long with a stop loss at 2693.
Supports: 2693. 2636
Resistances: 2790, 2825, 2870

RIL - RIL made a higher high, but a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1040.
Supports: 1050, 975
Resistances: 1150

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