October 16, 2008, Single Stock

RIL - RIL failed to break 1610 and the upmove is once again in question. We need to see if RIL bounces from previous lows or breaks this and continues to fall.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1477, 1350
Resistances: 1577,1689

Infy - Infy is closed near an important support of 1334. If infy is able to close to day above that support it is a good sign, else we could be in for some downside.
Trading strategy: Play for supports/resistances breaks or bounces.
Supports: 1334, 1121
Resistances: 1445, 1537