September 28, 2011, Single Stock

Bharti - Bharti has been making higher highs and higher lows for the past three sessions after the low of 360.6 on Sep 23. Tday it also went above the 5 day EMA. We will wait for a break above 396 before going long.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 377, 360
Resistances: 396, 448

Infosys - Infy made a higher high and a higher low. The moving averages have also improved with 5 Day EMA going above 20 Day EMA. We will go long with a stop loss at the double bottom support.
Trading Strategy: Go long with a stop loss at 2162.
Supports: 2301, 2162
Resistances: 2461, 2488-2500

RIL - RIL moved up sharply and 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: 753, 712
Resistances: 892-907, 967

SBIN - SBI made a higher high and a higher low. It hit our stop loss on Sep 23 and we closed our position. We will wait for a break above 2024 before going long again.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2025, 2278, 2530
Supports: 1905, 1867