December 10, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. It was a hammer candle indicating resistance. We will stay long, but move stop loss up.
Trading strategy: Stay long, move stop loss to 325
Supports: 288.2, 274.4
Resistances: 342.7, 357

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 to 2422.
Supports: 2355, 2307
Resistances: 2457

RIL - RIL made another inside day. It was also a doji. RIL is now clearly winding up for a big move. We will stay short, but move stop loss down. We will also be prepared to switch to long in case of a break out on the upside.
Trading Strategy: Stay short, move stop loss down to 1078. If RIL break 1078, close short and switch to long with a stop loss at 1060.
Supports: 1060, 1011, 901 (New prices)
Resistances: 1076, 1120, 1143 (New prices)