Thursday, November 20, 2008

November 20, 2008, Single Stock

RIL - RIL broke its downtrend yesterday. We will look today to see if an uptrend sets in. A close above 1140 would be a good indicator.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1070, 930
Resistances: 1140, 1221

Infy - Infy clearly broke its support at 1160. The next support is at 1040.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1060, 1040
Resistances: 1208, 1355

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