Thursday, June 17, 2010

June 17, 2010, Single Stock

The market has just opened with some volatility, but is flat from yesterday's close.
Bharti - Bharti made a lower low but a higher high. We will stay short.
Trading Strategy: Stay short, with stop loss 279
Supports: 269, 254
Resistances: 279, 292, 302

Infosys - Infy made a higher high and a higher low. We will stay long but move our stop loss up.
Trading Strategy: Stay long , move stop loss up to 2722
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 1050
Supports: 975, 960
Resistances: 1100, 1150

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