December 19, 2008, Single Stock

RIL - As expected, RIL ended its uptrend yesterday. We now look to see where RIL will take support. 1283 looks like a strong support.

Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1283,1107
Resistances: 1505, 1668

Infy - Yesterday Infy made a strong up-move, with a higher high and higher low. We move our stop loss up and follow the up-trend.
Trading Strategy: Stay long with strict stop loss. We move up the stop loss to yesterday's low of 1145.
Supports: 1145, 1085
Resistances: 1206, 1321