Friday, October 24, 2008

October 24, 2008, Single Stock

RIL - RIL made new lows yesterday. If RIL holds above 1176, we could see a rally.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1176, 1020
Resistances: 1313, 1432

Infy - Infy went below is 5-Day EMA yesterday. We now need to see if 1190 holds.
Trading strategy: Play for supports/resistances breaks or bounces.
Supports: 1190, 1040
Resistances: 1283, 1412

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