February 16, 2009, Single Stock

RIL - RIL hit our stop loss on Friday. We will now wait and watch to see if a strong uptrend develops or if RIL begins a down trend again.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1345, 1271
Resistances: 1414, 1505

Infy - Clearly Infy is trading in a range. We will wait and watch for a break out on either side.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1238, 1191
Resistances: 1414, 1505