January 4, 2012, Single Stock

Bharti - Bharti moved up sharply and made a higher low and a lower high. We hit our stop loss and closed our position. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 343, 309
Resistances: 396-98, 412, 448

Infosys - Infy moved up sharply and made a higher high and a lower low. We will stay long with a stop loss at the recent low.
Trading Strategy: Stay long with a stop loss at 2650.
Supports: 2650, 2490-2301, 2162
Resistances: 2884, 3024

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 Strategy: Play for resistances/supports breaks or bounces.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI moved up sharply and made a higher high and a higher low. We will stay long.
Trading: Stay long with a stop loss at 1690
Resistances: 1700, 1840, 1960
Supports: 1590, 1571