December 2, 2008, Single Stock

RIL - As predicted, RIL could not break out of 1220 and fell. However RIL was resilient in yesterday's market move. RIL seems to be finding some resistance around 1090. Let us see if RIL can hold above this. Else we will bee looking at the previous low of 1032 for support.
Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1090, 1032
Resistances: 1180, 1200-1221

Infy - Infy made a higher high and higher low. However it was a doji. We will wait for a clear signal before taking a position.
Trading Strategy: Play for supports/resistances breaks or bounces, with strict stop losses.
Supports: 1200, 1040
Resistances: 1299, 1355