January 28, 2009, Single Stock

RIL - RIL moved above it 5-SMA as well as its medium term 20-and 50-SMA. This is a strong positive signal. However we will be cautious ahead of expiry of Thursday.
Trading Strategy: Go long with a stop loss at 1170.
Supports: 1170, 1107
Resistances: 1249, 1370

Infy - Infy moved up sharply yesterday and broke it down trend. This could be the beginning of an uptrend. We will look for confirmation today.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1191-1200, 1119
Resistances: 1275, 1314