October 23, 2008, Single stock

RIL - RIL was unable to sustain an up-move and closed at 1316 yesterday. We need to watch if RIL will make new lows or bounce from support of previous lows.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1281, 1176
Resistances: 1432, 1465

Infy - Infy failed to break 1412 and now the uptrend is in questions.
Trading strategy: Book profits in the long. Play for supports/resistances breaks or bounces.
Supports: 1283, 1190
Resistances: 1302, 1412