April 22, 2010, Single Stock

Bharti - Bharti made a doji candle, indicating indecision. The bias is on the upside but 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 lower low and a lower high. The downtrend is continuing. We will stay short.
Trading Strategy: Stay short, with stop loss at 2825.
Supports: 2636, 2613
Resistances: 2825, 2870

RIL - RIL has made a lower low and a lower high. Our stop loss at 1050 was hit and we closed our position. However it is not a clear break of support, so we will not go short.
Trading Strategy: If RIL stays below 1050, go short, else stay neutral.
Supports: 1062, 975
Resistances: 1150