January 13, 2009, Single Stock

RIL - RIL continued on its down trend yesterday. We will follow it with strict stop losses.
Trading Strategy: Stay short with a stop loss of 1145
Supports: 1050, 1025
Resistances: 1206, 1292-1306

Infy - Infy fell sharply yesterday. We hit out stop loss at 1170 and booked profits. Infy clearly made a lower high and a lower low yesterday. This looks like the beginning of a downtrend.
Trading Strategy: Go short with a stop loss at 1210
Supports: 1090, 1065
Resistances: 1210-1222, 1299