October 20, 2010, Single Stock

Bharti - Bharti fell sharply again, making another lower low, but a higher high. 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 fell sharply and hit our stop loss. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces
Supports: 2750, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher 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. It fell sharply. We will stay short and look to lower our stop loss.
Trading Strategy: Stay short with a stop loss at 3325.
Resistances: 3325
Supports: 3043