Monday, May 17, 2010

May 17, 2010, Single Stock

Market is just opening now but we will post our analysis anyway.
Bharti - Bharti fell rebounded on Friday from its Thursday low. We will stay short but move our stop loss down.
Trading strategy: Stay short, move stop loss down to 272.
Supports: 254, 269
Resistances: 302, 321

Infosys - Infy made a lower high and a lower low. We will stay long.
Trading Strategy: Stay long with a stop loss at 2607.
Supports: 2607, 2551
Resistances: 2708, 2759

RIL - RIL made a lower high and a lower 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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