February 26, 2009, Single Stock

RIL - RIL made a higher high and higher low. We will initiate a long position to day.
Trading Strategy: Go long with stop loss at . Keep stop losses strict as there could be sharp moves due to expiry.
Supports: 1201, 1107
Resistances: 12767, 1333

Infy - Infy made a higher high and higher low. However there is no clear trend we can identify. We will wait for a break out on either side before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1230, 1341