March 17, 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 1271
Supports: 1271, 1115
Resistances: 1401, 1505

Infy - Infy was not able to break 1315. It was also a hammer candle for Infy yesterday. We will look to initiate a short position in Infy today.
Trading Strategy: Play for resistance/support breaks or bounces. If Infy closes below 1256, go short.
Supports: 1240-56, 1115
Resistances: 1315, 1447