December 31, 2008, Single Stock

RIL - Yesterday RIL broke its resistance zone between 1230 and 1240. However volumes were very low. It looks like RIL is beginning an uptrend, which we will follow with strict stop losses.
Trading Strategy: Go long with stop loss at 1228
Supports: 1228-1240, 1188
Resistances: 1275, 1407

Infy - Infy made a higher high and higher low yesterday. However it is still below the 5-EMA. We will watch to see if infy is able to break the 5-EMA at 1135.
Trading Strategy: Play for resistance/support breaks/bounces.
Supports: 1065-1085, 1040
Resistances: 1135, 1222