July 23, 2010, Single Stock

Bharti - Bharti made a lower low and a higher high. It was an engulfing candle. The support at 292 was not broken. We will stay long.
Trading Strategy: Stay long, with stop loss at 282.
Supports: 264, 260, 254
Resistances: 343

Infosys - Infy made a lower low and a lower high. It was also a hammer candle. However out stop loss was not hit. lower high and a higher low. Stay long. We will switch to short if 2716 is broken.
Trading: Stay long, with a stop loss at 2716.
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL made a lower high and a lower low. It was also a doji candle, so we could see a new trend setting in. We will look for a strong move above 1100 before going long. 1051 and 1040 are supports.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1040-1051, 975, 960
Resistances: 1100, 1150