Monday, March 9, 2009

March 09, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However RIL hit our stop loss and we booked profits.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1107, 1065
Resistances: 1182, 1217

Infy - Infy was range bound on Friday and did not make a conclusive move in either way. We will wait for a clear signal before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1146, 1115
Resistances: 1199, 1240

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