December 18, 2008, Single Stock

RIL - RIL continued its uptrend yesterday. However it closed below Tuesday's close, indicating that the trend might fizzle out today.
Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1329, 1283
Resistances: 1505, 1668

Infy - Yesterday Infy made a strong up-move, with a higher high and higher low. However yesterday was also a doji candle, indicating indecision. Keep stop losses strict.
Trading Strategy: Stay long with strict stop loss. We move up the stop loss to yesterday's low of 1123.
Supports: 1123-1130, 1085
Resistances: 1127, 1206