September 23, 2008, Single Stock

RIL - Except for a a short period after opening, RIL failed to show a strong move above the resistances. RIL will be down today, but we need to see if it can take support from 5-SMA at 1975 and bounce back from there.
Trading Strategies: Play for supports/resistances breaks or bounces. Avoid overnight positions
Supports: 1975, 1920
Resistances: 2050-2070, 2146