December 26, 2008, Single Stock

RIL - RIL continued its downtrend on Wednesday. We will follow the downtrend to see where RIL can find a support to bounce back from.
Trading Strategy: Stay short and move stop loss to 1257.
Supports: 1218, 1107
Resistances: 1285, 1377

Infy - Infy made large moves yesterday but closed near its open, to form a doji. We will wait and watch for a clear signal.
Trading Strategy: Play for resistance/support breaks/bounces.
Supports: 1172-75, 1085
Resistances: 1206, 1321