November 25, 2008, Single Stock

RIL - RIL clearly exhibited a higher high and higher low yesterday. There is now a strong possibility of an uptrend in RIL. The important point is RIL did not go back to its Oct low of 930!
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1114, 1032
Resistances: 1198-1205, 1375

Infy - Infy clearly exhibited a higher high and higher low yesterday. There is now a strong possibility of an uptrend in Infy. We will wait for confirmation.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1090, 1040
Resistances: 1180, 1355