March 05, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. Keep stop losses strict. Yesterday RIL touched a major support at 1155. A bounce of break from this support will be a strong medium term indicator.
Trading Strategy: Move stop loss to 1217
Supports: 1155, 1107
Resistances: 1217, 1297

Infy - Infy formed adoji yesterday. Multiple reversal signs in the last few sessions indicate that Infy is going to make a sustained move. The probability is for the move on the upside, but we will wait to confirm this.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1191, 1115
Resistances: 1223-1240, 1341