Thursday, May 13, 2010

May 13, 2010, Single Stock

Bharti - Bharti fell sharply yesterday. We will stay short .
Trading strategy: Stay short with stop loss at 298.
Supports: 284, 269
Resistances: 302, 321

Infosys - Infy made a higher high and a higher low. Infy hit our stop loss and we closed our position. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 2607.
Supports: 2607, 2551
Resistances: 2708, 2759

RIL - RIL made a higher low but a lower high. 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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