December 29, 2008, Single Stock

RIL - RIL arrested its downtrend on Friday. Friday was also an engulfing candle indicating a possible trend reversal. We hit our stop loss on Friday and booked our profits.
Trading Strategy: Play for resistance/support breaks/bounces.
Supports: 1107, 1050
Resistances: 1250, 1407

Infy - Infy fell sharply on Friday. We will not watch to see where Infy will take support.
Trading Strategy: Play for resistance/support breaks/bounces.
Supports: 1077-1085, 1040
Resistances: 1152, 1222