Thursday, February 19, 2009

February 19, 2009, Single Stock

RIL - RIL made and engulfing candle yesterday. Book profits on the short. Wait and watch for confirmations signals today.
Trading Strategy: close short. Play for resistances/supports breaks or bounces.
Supports: 1107, 1025
Resistances: 1333, 1414

Infy -A graveyard doji for Infy yesterday! A strong reversal sign.
Trading Strategy: Book profits on the short. Initiate a long position with stop loss at 1115
Supports: 1115-9, 1065
Resistances: 1219, 1256

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