January 27, 2009, Single Stock

RIL - RIL opened up sharply on Friday, but was not able to hold the gains. We hit our stop loss and booked profits.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1107, 1077
Resistances: 1149, 1190-1216

Infy - Infy now looks clearly on a down trend. 1227 will be a strong resistance today.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1191-1200, 1119
Resistances: 1227, 1355