March 20, 2009, Single Stock

RIL -RIL failed to make a higher high but did make a higher low. We will wait to confirm if this is a pause in the uptrend or the end of it. However keep stop losses strict.
Trading Strategy: Stay long. Move stop loss to 1320. If RIL closes below 1326, close the long position.
Supports: 1320-26, 1115
Resistances: 1401, 1505

Infy -Infy rose yesterday, and we hit our stop loss. We will wait for a clear trend to emerge before taking another position in Infy.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1276, 1257
Resistances: 1314, 1447