September 9, 2008, Single Stocks

RIL- RIL opened gap up like rest of the market, but failed to break out of the resistance zone. We will not see a sustained upmove in RIL till it closes strongly above the resistance. There could be a pull back today after yesterday's rally.
Trading Strategy: Look for break outs at supports/resistances to make small profits. Do not take large positions
Supports: 2065-2080, 1920
Resistances: 2144, 2220