Wednesday, June 16, 2010

June 16, 2010, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 279
Supports: 269, 254
Resistances: 279, 292, 302

Infosys - Infy made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long , with stop loss at 2660.
Supports: 2668, 2558
Resistances: 2759, 2825

RIL - RIL made a lower high and a higher low. It was also a doji candle. We will stay long and keep stop losses strict.
Trading Strategy: Stay long with stop loss at 1021.
Supports: 975, 960
Resistances: 1100, 1150

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