April 7, 2011, Single Stock

Bharti - Bharti made a lower high and a lower low. It fell sharply and hit our stop loss. We closed our postion and took profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 351, 318-24, 303
Resistances: 340, 377

Infosys - Infy made a higher high and a higher low. It was also a doji candle. We will stay long and look for move our stop loss up.
Trading: Stay long, with stop loss at 3110
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a lower high and a lower low. It was also a doji candle. We will stay long and look to move our stop loss up.
Trading: Stay long with stop loss at 981.
Supports: 964, 954
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: 2520, 2463-76