September 25, 2008, Single Stock

RIL- RIL was up almost 2% yesterday. But it could not break the resistance between 2050-2070. It closed just below its 20-SMA. RIL has not yet established any intermediate trends. The next few days will be crucial to establishing a clear trend in either direction.
Trading Strategies: Play for supports/resistances breaks or bounces. Expiry is today so there will be wild swings. Keep strict stops losses.
Supports: 2000-2037, 1920
Resistances: 2050-2070, 2126-2146