October 19, 2010, Single Stock

Bharti - Bharti fell sharply again, making another lower low and lower high. We have missed the entire down move of Bharti. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 314, 308
Resistances: 348-52, 377

Infosys - Infy made a lower low and a lower high. It came close to our stop loss but rebounced from the support. We will stay long.
Trading: Stay long, with stop loss at 3037. Keep stop losses strict.
Supports: 2750, 2716, 2668
Resistances: 3000

RIL - RIL made a lower high and a lower low. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1150

SBIN - SBI made a lower low and a lower high. We will stay short.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043