October 17, 2008, Single Stock

RIL - RIL made a new low yesterday, but recovered from the lows of the day. A gap up opening today and an end in the green would indicate a reversal of the downtrend
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1350, 1325
Resistances: 1526,1668

Infy - Infy is is forming a second pivot after the trend reversal on October 10. Infy needs to break previous high of 1412 for this trend to continue.
Trading strategy: Go long with stop loss at 1200.
Supports: 1200, 1040
Resistances: 1310, 1412