February 23, 2011, Single Stock

Bharti - Bharti made a lower low and a higher high. 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 higher low. It was also a doji candle. 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 broke our sharply and made a higher high and a higher low. We will go lon with a stop loss at Jan 20 low.
Trading: Go long with a stop loss at 954
Supports: 954, 888, 858
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower high and a lower low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 2476
Resistances: 3325, 3515
Supports: 2463-76