Monday, March 16, 2009

March 16, 2009, Single Stock

RIL -RIL made a higher high and a higher low. RIL is continuing on an uptrend. We will follow the uptrend.
Trading Strategy: Stay long. Move stop loss to 1202.
Supports: 1202, 1115
Resistances: 1217, 1317

Infy - Infy is now clearly in an uptrend. If Infy is able to break out at 1315, that will be a good long term signal.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1240, 1115
Resistances: 1315, 1447

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