September 22, 2008, Single Stock

RIL - RIL is now above is 5-SMA, but this is not a reliable signal in itself. We would like to wait for the uptrend to be established before taking a long position.
Trading Strategy: Play for supports/resistances breaks or bounces. Avoid overnight positions.
Resistances: 2050-2070, 2146
Supports: 1920, 1765