Monday, September 8, 2008

September 8, 2008 - RIL

RIL did not break the support at 2052. Which means that the uptrend that began on 28th August is still intact. We can hope for a bounce back from here. However there is a strong resistance zone from 2128-2145.
Trading Strategy: Close any open shorts, if possible take a long position with strict stop losses.
Supports: 2052, 1920
Resistances: 2128-2145, 2183
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