August 30, 2011, Single Stock

Bharti - Bharti 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.
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy 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.
Supports: 2342, 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a higher high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 840, 940, 96
Resistances: 1100, 1125

SBIN - SBI made an inside day. We will look for confirmation of trend reversal in the next few sessions. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2181, 2123-38