May 10, 2010, Single Stock

Bharti - Bharti made a lower high and a lower low. We will stay short, but move our stop loss down.
Trading strategy: Stay short, move stop loss to 300.
Supports: 292, 269
Resistances: 302, 321

Infosys - Infy made a lower high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2708.
Supports: 2693, 2636
Resistances: 2708, 2759

RIL - RIL made an engulfing candle, indicating a trend reversal. For the past few weeks RIL has been a leading indicator for the entire market. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1050, 975
Resistances: 1150