Tuesday, May 11, 2010

May 11, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We will stay short.
Trading strategy: Stay short, with a stop loss at 300.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a higher high and a higher low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2708.
Supports: 2693, 2636
Resistances: 2708, 2759

RIL - RIL made a higher high and a higher low. We will go long, with a stop loss at Thursday's low.
Trading Strategy: Go long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1150

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