September 11, 2008, Single Stock

RIL - RIL broke the support of 2128 yesterday, however it held above the second support of 2065. RIL is now below 5-SMA. We now expect a break out on the downside.
Trading Strategy: If you had gone short yesterday, watch for the break out. Keep a stop loss at resistances. If you have not gone short, short today with strict stop losses.
Supports:2052-2065, 1920
Resistances: 2110, 2175-2182