Tuesday, June 15, 2010

June 15, 2010, Single Stock

Bharti - Bharti fell sharply again on Monday. We closed our long and booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 292
Supports: 269, 254
Resistances: 279, 292, 302

Infosys - Infy made a higher high and a higher low. It was sharp move up. We will stay long, but move stop loss up.
Trading Strategy: Stay long , move stop loss up to 2660.
Supports: 2668, 2558
Resistances: 2759, 2825

RIL - RIL made a higher high and a higher low. We will stay long and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 1021.
Supports: 975, 960
Resistances: 1100, 1150

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