December 21, 2009, Single Stock

Bharti - Bharti made an inside day. A clear indication of the end of a trend. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/supports breaks or bounces. If 300 is broken, go short with a stop loss at 325.1
Supports: 300, 288.2, 274.4
Resistances: 348.8, 357

Infosys - Infy made a lower low and a lower high. Our stop loss was hit and we closed our position. We will go short.
Trading Strategy: Go short with a stop loss at 2572
Supports: 2464-76, 2355, 2307
Resistances: 2572, 2556

RIL - RIL made a lower high and a lower low. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss to 1035
Supports: 1011, 901
Resistances: 1088, 1120