April 16, 2010, Single Stock

Bharti - Bharti made a new low and we hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading strategy: Play for resistance/support breaks or bounces
Supports: 292, 269
Resistances: 321, 332, 348.8

Infosys - Infy made a higher high and a higher low. We will wait to see if Infy is able to move above its previous high of 2870, else we will stay short.
Trading Strategy: Stay short, with a stop loss at 2870
Supports: 2636, 2613
Resistances: 2795, 2845

RIL - RIL failed to break 1150 and fell sharply. We hit our stop loss and closed our position. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1062, 975
Resistances: 1150