March 15, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower low and a lower high. We will wait for Bharti to break above 350 (appox. 61.8% retracement of recent down move) before going long. Also a break below 320, would be a negative signal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made an engulfing 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 rose sharply and made a higher high and a higher low. We will stay long.
Trading: Stay long, with stop loss at 964.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will stay long and look to move our stop loss up.
Trading Strategy: Stay long with a stop loss at 2512.
Resistances: 3325, 3515
Supports: 2463-76