Friday, March 16, 2012

March 16, 2012, Single Stock

Bharti - Bharti made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 355.
Supports: 336, 320, 309
Resistances: 355, 396-98, 412, 448

Infosys - Infy made a lower high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL fell sharply and made a lower low and a lower high. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 815, 753, 712
Resistances: 892-907, 967

SBIN - SBI fell sharply and made a lower low and a lower high. We will stay long, but keep our stop loss strict.
Trading: Stay long, with stop loss at 2246.
Resistances: 2530
Supports: 2246, 2100,1970, 1920, 1748, 1625, 1590, 1571

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