February 27, 2009, Single Stock

RIL - RIL made a higher high but also a lower low.We will stay long with strict stop losses.
Trading Strategy: Stay long. Move stop loss to 1266.
Supports: 1266, 1201
Resistances: 1333, 1392

Infy - Infy made a higher high and higher low. It also moved about its 5,20 and 50 EMA. However since yesterday was expiry we will wait for today before initiating a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1240, 1341