February 17, 2010, Single Stock

Bharti - Bharti fell sharply again on Tuesday. Bharti is now at its 12m low. The next support is at the Oct-08 lows of 241.5. We have missed most of the fall. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 274.4, 269, 241.5
Resistances: 332, 348.8

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 up to 2470.
Supports: 2415, 2307-29
Resistances: 2555, 2700

RIL - RIL made a lower low and a lower high. We will switch our positions.
Trading Strategy: Take profit on the long and switch to short with a stop loss at 1027
Supports: 975, 901
Resistances: 1046, 1150