December 11, 2009, Single Stock

Bharti - Bharti continued to make a higher high and a higher low. We will stay long, but move stop loss up.
Trading strategy: Stay long, move stop loss to 327
Supports: 288.2, 274.4
Resistances: 342.7, 357

Infosys - Infy made a higher high and a higher low. It was a hammer candle that broker the resistance at 2457, indication a possible trend reversal. We will stay long and move our stop loss up. If Infy is able to hold above 2457, we could see further upside.
Trading Strategy: Stay long, move stop loss to 2430.
Supports: 2355, 2307
Resistances: 2464

RIL - RIL made a higher high and a higher low. It was a break out on the upside. We now expect a major up-move from Reliance.
Trading Strategy: If you have not already, close the short and go long with a stop loss at 1050.
Supports: 1050, 1011, 901 (New prices)
Resistances: 1076-81, 1120, 1143 (New prices)