Friday, April 30, 2010

April 30, 2010, Single Stock

Bharti - Bharti made a higher low and a lower high. We will stay short.
Trading strategy: Stay short, with stop loss at 296.4
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a lower low but a higher high. We will stay short.
Trading Strategy: Stay short with stop loss at 2754.
Supports: 2693, 2636
Resistances: 2790, 2825, 2870

RIL - RIL made an inside day, indicating a possible trend reversal. We will wait 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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