Tuesday, November 18, 2008

November 18, 2008, Single Stock

RIL - RIL continues on it downtrend. 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: 1169, 1204

Infy - Infy came close to its support of 1160, but did not break it. We will look to see if Infy will break 1160 today or will bounce back from this level.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1160, 1040
Resistances: 1249, 1355

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