November 06, 2008, Single Stock

RIL - As we predicted yesterday, RIL fell 12%. We now need to watch if RIL will hold above its previous low or if it will break it. The previous low was 930.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1217, 930
Resistances: 1360-84, 1668

Infy - Infy was flat in a falling market yesterday. Infy did not go below the low of Tuesday. If Infy can move up today that will mean that Tuesday's low of 1285 will be the the new pivot.
Trading Strategy: Stay long with stop loss at 1160
Supports: 1269, 1160
Resistances: 1336-41, 1450