October 1, 2008, Single Stock

RIL- RIL did not make a new low yesterday. It showed strength although it did not bounce back as smartly as the rest of the market. In the medium term (weeks) RIL needs to break 2110 to start an uptrend.

Trading Strategy: Go long with a stop loss of 1800. Close positions at the end of the day since tomorrow is a holiday.
Supports: 1800, 1765
Resistances: 1968, 1998-2008