November 11, 2008, Single Stock

Sorry for missing yesterday. We had some infra issues.
RIL - The reversal candle on Friday and the strong move up yesterday indicates that RIL is ready for an uptrend. RIL needs to close above 1283 for that the uptrend to start.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1283, 1150
Resistances: 1375, 1668

Infy - Infy has made a higher low and we will move out stop loss there. We now need to see if Infy can hold above the low and make a new high.
Trading Strategy: Stay long with stop loss at 1202
Supports: 1306, 1202-1200
Resistances: 1400 , 1450