December 5, 2008, Single Stock

Sorry for missing yesterday's post.
RIL - RIL broke 5-day and 20-Day SMA in sharp rally yesterday. The near term rally which we predicted has happened. We will follow the rally with a trailing stop.
Trading Strategy: Stay long. Follow the rally with a trailing stop. If RIL goes below 1050, close position.
Supports: 1050, 1025
Resistances: 1208, 1303

Infy - Yesterday was an inside day for infy. This is a reversal signal. We could now see a near term rally in infy.
Trading Strategy: Go long with stop loss at 1140
Supports: 1140, 1090
Resistances: 1223, 1299