Thursday, November 13, 2008

November 14, 2008, Single Stock

RIL - RIL broke the support of 1151 on Wednesday. We now need to see if RIL will hold above the previous low of 930.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1000, 930
Resistances: 1234,1375

Infy - Infy came close but did not break the stop loss of 1202. We continue to watch closely 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: 1279, 1355

No comments: