February 14, 2011, Single Stock

Bharti - Bharti made a lower high and a higher low. It was also a hammer candle. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made a lower high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher low and a lower high. We will wait and watch before taking a new position. 858 is a strong support. If RIL breaks below this, there could be a sharp fall.
Trading: Play for resistance/support breaks or bounces
Supports: 888, 858
Resistances: 1100, 1125

SBIN - SBI 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
Resistances: 3325, 3515
Supports: 2463, 2536, 2656