May 06, 2011, Single Stock

Bharti - Bharti fell sharply and made a lower high and a lower low. We avoided the loss by closing our position early. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 371, 365, 345-51
Resistances:377

Infosys - Infy fell sharply and made a lower low and a lower high. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. This is a positive signal after the inside day. We will go long with a stop loss at the recent low.
Trading: Go long with a stop loss at 940
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI made a lower high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2759, 2520, 2463-76