December 7, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. It was an engulfing candle. Our stop loss was hit and we booked our profits.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 288.2, 274.4
Resistances: 315.1, 325.6

Infosys - Infy made another inconclusive candle. It was a higher high and a higher low as well as a doji. However it did not break out on either side, though the upside looks more likely. We will go long, but be prepared to switch to short.
Trading Strategy: Go long, with a stop loss at 2355.
Supports: 2355, 2307
Resistances: 2427, 2449

RIL - RIL made a lower high and a lower low. We hit our stop losses and booked profits.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1011, 901 (New prices)
Resistances: 1118, 1143 (New prices)