December 8, 2008, Single Stock

RIL - RIL is still in a rally in spite of the fall on Friday. We move the stop loss to Friday's close of 1103
Trading Strategy: Stay long. Follow the rally with a trailing stop. If RIL goes below 1105, close position.
Supports: 1105, 1050
Resistances: 1208, 1303

Infy - Infy did not rally and we hit our stop loss. We will wait for the next clear signal before taking another position
Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1123, 1090
Resistances: 1223, 1299