October 13, 2008, Single Stock

RIL - RIL has to break 1623 to be able to break the current downtrend. If that happens we can look for a recovery.
Trading Strategy: Close shorts. If RIL holds above 1623, then go long.
Supports: 1350, 1166
Resistances: 1623,1815

Infy - Infy did not break its support at 1121. This is a good sign. Infy needs to move above 1300 to break its current downtrend.
Trading strategy: Play for supports/resistances breaks or bounces.
Supports: 1121, 1000
Resistances: 1293-1300,1440