June 21, 2011, Single Stock

Bharti - Bharti hit our stop loss on Friday and we closed our position. It made a higher high and a higher low on Monday. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 345-51
Resistances:379, 390

Infosys - Infy fell and made a lower low and a lower high. We will stay short and move our stop loss down.
Trading: Stay short, move stop loss down to 2884.
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 hammed candle. It also broke the support at 2138. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138