Friday, November 21, 2008

November 21, 2008, Single Stock

RIL - We could not confirm an uptrend for Reliance. We are now looking to see if it will make a low higher than the previous low of 930
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1000, 930
Resistances: 1117, 1221

Infy - We are looking to see if 1040 will hold and Infy can reverse its downtrend from here.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1060, 1040
Resistances: 1180, 1355

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