December 23, 2008, Single Stock

RIL - Yesterday was a clear break in the uptrend. We will now see where RIL can find a support to bounce back from.
Trading Strategy: Go short with stop loss at 1377
Supports: 1268, 1107
Resistances: 1377 ,1505
Infy - On Monday, Infy continued its up trend 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 Monday's low of 1166.
Supports: 1166, 1085
Resistances: 1206, 1321