March 26, 2010, Single Stock

Bharti - On Tuesday, Bharti made a lower low and a lower high. It was also a hammer candle. We will go short, with a stop loss at the recent high.
Trading strategy: Go short with a stop loss at 321.
Supports: 292, 269, 241.5
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a lower low. It was an engulfing candle and broke above 2800. We will go long.
Trading Strategy: Go long with a stop loss at 2743.
Supports: 2743, 2636, 2613
Resistances: 2795, 2845

RIL - RIL made a hammer candle today. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 975, 901
Resistances: 1150