January 21, 2009, Single Stock

RIL - RIL broke its uptrend yesterday and we booked our profits. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1077, 1025
Resistances: 1193, 1390

Infy - Infy hit our op loss and we booked profits. We will wait and watch before taking a new position.
Trading Strategy: Stay long with a stop loss at 1241. Keep stop losses strict.
Supports: 1215, 1119
Resistances: 1252, 1355