December 17, 2008, Single Stock

RIL - RIL continued its uptrend on Tuesday. We made a mistake and took profits too early. RIL went above its 50-SMA on Tuesday. This is another strong positive signal. We are still looking to see if this uptrend is able to break out of 1505.
Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1325, 1283
Resistances: 1505, 1668

Infy - Infy continued to show signs of breaking the downtrend. However, Infy failed to establish a clear uptrend. Keep stop losses strict.
Trading Strategy: Stay long with strict stop loss at 1085.
Supports: 1085, 1040
Resistances: 1127, 1206