November 07, 2008, Single Stock

RIL - RIL continued its fall yesterday. According to retracements 1065 is the last support before the previous low of 930. We now need to watch if RIL will hold above its previous low or if it will break it.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1065, 930
Resistances: 1360-84, 1668

Infy - Infy was down yesterday, but still outperformed the market as a whole. If Infy can move up today that will mean that yesterday's low of 1230 will be the the new pivot. Also watch closely today as we are close to out stop loss of 1160.
Trading Strategy: Stay long with stop loss at 1160
Supports: 1160, 1040
Resistances: 1303, 1450