Wednesday, May 12, 2010

May 12, 2010, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay short, but move our stop loss down.
Trading strategy: Stay short, move stop loss down to 298.
Supports: 284, 269
Resistances: 302, 321

Infosys - Infy made an inside day. This could indicate a trend reversal. We will stay short but move our stop loss down.
Trading Strategy: Stay short with a stop loss at 2684.
Supports: 2607, 2551
Resistances: 2708, 2759

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with a stop loss at 1003
Supports: 1003, 1050, 975
Resistances: 1100, 1150

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