August 16, 2010, Single Stock

We have been closed for one week, but are back and hope to pick up where we left off.
Bharti - Bharti made a lower high and a higher low. We will stay long. It looks like 330 is a big resistance.
Trading Strategy: Bharti seems to have falled to 315, but taken support from there. We will wait to see if we should move our stop loss up.
Stay long, with stop loss at 305.
Supports: 292, 282, 264, 260
Resistances: 343

Infosys - Infy hit our stop loss during the week and we will close our position. This is the second time, Infy is testing the 2750 resistance. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2716, 2668, 2558
Resistances: 2800,2905

RIL - RIL has continously falled after we closed our position. There seems to be some support at 960-75. We will go long with a stop loss at 960.
Trading Strategy: Go long with a stop loss at 960.
Supports: 1007, 975, 960
Resistances: 1100, 1150