May 3, 2010, Single Stock

Bharti - Bharti made a higher high and a higher low. We hit our stop loss and booked profits. 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. Our stop loss at 2754 was hit and we booked profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2693, 2636
Resistances: 2790, 2825, 2870

RIL - RIL made a higher high and a higher low. We will go long with a stop loss at the recent low. However the medium term trend on RIL is downward biased.
Trading Strategy: Go long with a stop loss at 1012.
Supports: 1050, 975
Resistances: 1150