January 9, 2009, Single Stock

RIL - RIL broke its uptrend on Wednesday. We hit our stop losses and booked profits. RIL also broke the support of 1188. We will look for today's price action before deciding a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1050, 1025
Resistances: 1292-1306, 1386

Infy - Infy made a low of 1146 on Wednesday, just above the support at 1145. We will stay long but look to book profits today.
Trading Strategy: Stay long, move stop loss up to 1146. Keep stop loss strict.
Supports: 1145, 1065
Resistances: 1222, 1299