January 12, 2011, Single Stock

Bharti - Bharti made a lower low, but a higher high. This is a clear reversal trend. The stock held up in a falling market. We will stay long and keep our stop loses strict.
Trading Strategy: Stay long, with stop loss up at 330.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy fell sharply and made a lower low and a lower high. We will stay long and keep our stop loses strict.
Trading:Stay long, with stop loss at 3225 (61% retracement).
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL fell sharply and made a lower low and a lower high.
Trading: Play for resistance/support breaks or bounces.
Supports: 952, 922, 900
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. It looks like SBI has found a bottom. We will look for a confirming pattern before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2656, 2775, 2737