January 2, 2009, Single Stock

RIL - Yesterday RIL has an inside day, indicating a possible trend reversal. We will look for a break out on either side today.
Trading Strategy: Play for resistance/support breaks/bounces.
Supports: 1246, 1188
Resistances: 1265, 1377

Infy - Infy made a higher high and higher low yesterday. Infy also broke above its 5-EMA. This could the beginning of an uptrend; we will follow it.
Trading Strategy: Go long with stop loss of 1112
Supports: 1112, 1065
Resistances: 1222, 1299