November 05, 2008, Single Stock

RIL - Two consecutive dojis in RIL! The stock is winding up for something big. We will watch closely to see if it will be on the upside or downside.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1368-80, 1293
Resistances: 1493, 1668

Infy - Infy fell sharply in yesterday's trading. It is now just below its 5-EMA. Infy needs to find a higher low to strengthen its uptrend. The previous low was 1160.
Trading Strategy: Stay long with stop loss at 1160
Supports: 1269, 1160
Resistances: 1336-41, 1450