Thursday, January 15, 2009

January 15, 2009, Single Stock

RIL - RIL rose sharply yesterday and broke its downtrend. We hit our stop loss and booked profits.
Trading Strategy: Go long with a stop loss of 1077.
Supports: 1127-1142, 1077
Resistances: 1220, 1390

Infy - Infy rose sharply yesterday, and made a higher high and higher low. Infy also broke the resistance at 1299.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 1228, 1119
Resistances: 1355, 1447

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