June 17, 2011, Single Stock

Bharti - Bharti fell and made a higher high but a much lower low. We will stay short and look to move our stop loss down.
Trading Strategy: Stay short with a stop loss at 379
Supports: 345-51
Resistances:379, 390

Infosys - Infy fell and made a lower low and a lower high. We will stay short with a stop loss at the recent high.
Trading: Go short with a stop loss at 2904.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL 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: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI fell and made a lower low and a lower high. We hit our stop loss and closed our position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138