Friday, February 20, 2009

February 20, 2009, Single Stock

RIL - RIL made and inside day and a doji. This is a strong signal for a reversal. Trading Strategy: Go long with stop loss at 1240.
Supports: 1240, 1107
Resistances: 1333, 1414

Infy -As predicted Infy was up sharply yesterday. Follow the uptrend.
Trading Strategy: Move stop loss to yesterday's low of 1172
Supports: 1172, 1115-9
Resistances: 1220, 1241

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