February 17, 2009, Single Stock

RIL - RIL has clearly broken out on the down side, however we will wait for confirmation as yesterday was a sharp move.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 1271, 1107
Resistances: 1414, 1505

Infy -Infy is on a clear down trend. Go short with strict stop losses.
Trading Strategy: Short with stop loss at 1325
Supports: 1191, 1065
Resistances: 1256, 1325