Tuesday, December 9, 2008

December 10, 2008, Single Stock

RIL - On Monday, RIL failed to break the previous high of 1182. The rally is now in question. We move the stop loss to Yesterday's low of 1107
Trading Strategy: Book profits today.
Supports: 1100-1107, 1050
Resistances: 1182, 1208

Infy - Monday was a doji in Infy. Indicating uncertainty. We will look to see how infy moves over the next trading session.
Trading Strategy: Play for supports/resistances breaks or bounces
Supports: 1120, 1090
Resistances: 1168, 1223

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