Wednesday, September 10, 2008

September 10,2008, Single Stock

RIL - RIL did not break out of its resistance barrier yesterday. Yesterday was also a doji candle for RIL. We are now expecting a break-out on up or downside.
Trading Strategy: Watch for break of supports/resistances and then take a position with strict stop losses. Take profits quickly as we expect market to be volatile.
Supports: 2127, 2065
Resistances: 2161,2203

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