Tuesday, March 3, 2009

March 03, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. However yesterday was a doji indicating a sharp move today or tomorrow. Keep stop losses strict.
Trading Strategy: Move stop loss to Go short, with stop loss at 1264.
Supports: 1201, 1107
Resistances: 1264, 1297

Infy - Infy made a lower low and a lower high yesterday. However yesterday was a doji indicating a sharp move today or tomorrow. Keep stop losses strict.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1115, 1065
Resistances: 1240, 1341

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