January 14, 2009, Single Stock

RIL - RIL continued on its down trend yesterday. We will keep the stop loss at 1145. Trading Strategy: Stay short with a stop loss of 1145. If RIL closes above 1132, book profits.
Supports: 1050, 1025
Resistances: 1146, 1206

Infy - Infy rose sharply yesterday, and we hit our stop losses. Yesterday was an engulfing candle, meaning uncertainty. We will look for today's price action before taking a position
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 1119, 1065
Resistances: 1299, 1447