Friday, September 26, 2008

September 26, 2008, Single Stock

RIL RIL closed down 1% yesterday. Expiry was not as bad as we expected. In the medium term RIL needs to break 2126 on the upside for a sustained
rally. On the downside we have support at the recent lows of 1765.

Trading Strategies: Play for supports/resistances breaks or bounces.
Supports: 2029, 1990
Resistances: 2045, 2126

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