April 20, 2010, Single Stock

Bharti - Bharti made a huge candle today, opening above 340 but moving back by the end of the day. There is no clear trend discernable, considering the volatility, we prefer to play it safe. 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 has begun a down trend again. We will move our stop loss down and stay short.
Trading Strategy: Stay short, move stop loss to 2825.
Supports: 2636, 2613
Resistances: 2825, 2870

RIL - RIL has fallen all the way to 1050. We will wait to see if RIL can take support from 1050 or if it will fall further. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1062, 975
Resistances: 1150