Thursday, May 6, 2010

May 6, 2010, Single Stock

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

Infosys - Infy made a higher high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2759
Supports: 2693, 2636
Resistances: 2759, 2790

RIL - RIL made a lower low and a lower high. Our stop loss was hit and we closed our position. 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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