Wednesday, November 12, 2008

November 12, 2008, Single Stock

RIL - RIL closed below 1283. We now need to see if RIL will hold above the previous low of 1151.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1150, 930
Resistances: 1234,1375

Infy - We are now close to our stop loss. We now need to see if Infy can hold above the low or if the stop loss is hit.
Trading Strategy: Stay long with stop loss at 1202
Supports: 1202-1200, 1160
Resistances: 1355, 1400

No comments: