January 6, 2009, Single Stock

RIL - As predicted RIL rose sharply yesterday. However it did not break the resistance at 1377. We will look to see if RIL can break the resistance at 1377.
Trading Strategy: Stay long. Move stop loss to 1295
Supports: 1281-95, 1188
Resistances: 1377, 1407

Infy - On Monday, Infy continued its uptrend. We will follow it and move our stop loss up.
Trading Strategy: Stay long, move stop loss up to 1140
Supports: 1140, 1065
Resistances: 1222, 1299