January 12, 2010, Single Stock

Sorry for not posting on Monday. We are trying start a good way to measure our performance on our calls, hence the missed posts over the last few sessions.
Bharti - Our stop loss was hit on Friday and we closed our position. Monday was a hammer candle. 324 is a good support point and if Bharti does not break it we could see a move up.
Trading strategy: We will go long with a stop loss at 324.
Supports: 324, 300, 288.2
Resistances: 335.1, 348.8

Infosys - Infy continued to make lower lows and we made profits on the short. Stay short.
Trading Strategy: Stay short, move stop loss down to 2629.
Supports: 2464-76, 2355, 2307
Resistances: 2629, 2683

RIL - RIL hit our stop loss today and we closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1050, 1011, 901
Resistances: 1150