Sunday, January 18, 2009

January 19, 2009, Single Stock

RIL - As predicted RIL rose sharply on Friday. We follow the uptrend and move our stop loss to 1139.
Trading Strategy: Stay long; move stop loss to 1139.
Supports: 1139, 1107
Resistances: 1216-32, 1390

Infy - Infy made a higher high and higher low on Friday. We will go long with strict stop losses.
Trading Strategy: Go long with a stop loss at 1215
Supports: 1247, 1215
Resistances: 1355, 1447

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