March 06, 2009, Single Stock

RIL - RIL made a lower low but not a higher high. Keep stop losses strict. RIL broke the support at 115, but only just.
Trading Strategy: Stay short. Move stop loss to 1175
Supports: 1155, 1107
Resistances: 1217, 1297

Infy - Infy formed an engulfing candle yesterday. Another reversal sign. The probability is for the move on the down side. We will wait to take a short position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1146, 1115
Resistances: 1199, 1240