October 20, 2008, Single Stock

RIL - RIL made a new low on Friday, but recovered from the lows of the day. Volumes in RIL have increased in the last few days.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1248, 1176
Resistances: 1444-60, 1526

Infy - We hit our stop loss on Friday as Infy made a low of 1190. That is a good sign that Infy is holding up better that the rest of the market. A move above 1275 would strengthen the current upmove.
Trading strategy: Go long with stop loss at 1040.
Supports: 1100, 1040
Resistances: 1275, 1412