Monday, March 21, 2011

March 21, 2011, Single Stock

Bharti - Bharti made a higher low and a lower high. We will stay short, with stop losses strict.
Trading Strategy: Stay short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy fell sharply and made a lower low and a lower high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower low and a lower high. We will stay long and look to move our stop loss up.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI fell and made a lower low and a lower high. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 2520.
Resistances: 3325, 3515
Supports: 2520, 2463-76

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