December 11, 2008, Single Stock

RIL - Yesterday RIL surged sharply indicating a break-out. The 5-SMA has also gone above the 20-SMA, which is another strong indicator. However since yesterday was a sharp move, we will wait for today's trading session to take a position.
Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1136-1157, 1100
Resistances: 1362, 1505

Infy - Yesterday was a higher high and a higher low in Infy. Following the doji of Monday, this is a strong indication of the beginning of an uptrend.
Trading Strategy: Go long with stop loss at 1138
Supports: 1123-1138, 1090
Resistances: 1206, 1299