Wednesday, September 24, 2008

Sep 24, 2008, Single Stock

RIL - RIL is now below its 5-SMA. It closed near its low yesterday and did not bounce back from any of its supports. We need to see if it is able to close above 2000 today.
Trading Strategies: Play for supports/resistances breaks or bounces. Avoid overnight positions as expiry is tomorrow. Keep strict stops losses.
Supports: 2000, 1920
Resistances: 2050-2070, 2146

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