March 23, 2011, Single Stock

This will be the last post till 28th March
Bharti - Bharti rose sharply and made a higher low and a higher high. We will stay short, with stop losses strict.
Trading Strategy: Stay short with a stop loss at 330.5
Supports: 318-20, 303
Resistances: 340, 377

Infosys - Infy made an inside day and a doji candle. We will look for a confirmation of the end of the downtrend before going long.
Trading: Play for resistance/support breaks or bounces.
Supports: 2948, 2716, 2668
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. We will stay long and look to move our stop loss up.
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, but keep stop losses strict.
Trading Strategy: Stay long, with stop loss at 2520.
Resistances: 3325, 3515
Supports: 2520, 2463-76