Friday, June 25, 2010

June 25,Single Stock 2010

Bharti - Bharti made a higher high and a higher low. It was also a doji candle. It looks like Bharti is finding support at 260. We will stay short and move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 266.
Supports: 264, 254
Resistances: 270, 279, 292

Infosys - Infy made a higher high and a higher low. There is no clear trend or movement clear. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces
Supports: 2668, 2558
Resistances: 2759, 2819-25

RIL - RIL made another doji candle yesterday. Our stop loss at 1050 was hit and we closed our position. We will no go short, with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 1100
Supports: 975, 960
Resistances: 1100, 1150

No comments: