October 10, 2008, Single Stock

RIL - - RIL failed to break out of its down trend on Wednesday. The next support for RIL is 1350, at which point we would close our short and take our profit.
Trading Strategy: Stay Short with a strict stop loss at resistances. If RIL breaks 1682 and holds, then go long. Take profits at 1350.
Supports: 1350, 1166
Resistances: 1682,1815

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