Friday, September 19, 2008

September 19, 2008, Single Stock

RIL- We saw a strong rally from yesterday's lows to end the day up 3.3%. Volumes were also high. RIL closed above its resistance zone. We should be in for a good day today as well.
Trading Strategy: If you had taken long position at yesterday's close, book your profits today. Else look for break or support, failure to break resistances.
Supports: 1900-1910, 1800
Resistances: 1998, 2080

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