December 15, 2008, Single Stock

RIL - On Friday RIL continued its uptrend. We will look to see if this uptrend lasts in the medium term; For that RIL must stay above the previous pivot of 1103
Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1228, 1100
Resistances: 1331, 1505

Infy - Friday was a lower high and a lower low in Infy. Infy is not clearly on a down trend. It has also broken the support at 1090. The next support is at 1077.
Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1077, 1040
Resistances: 1206, 1299