Monday, March 23, 2009

March 23, 2009, Single Stock

RIL -RIL made a doji candle on Friday. 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: Play for resistances, supports breaks or bounces. If you still have an open long, close it. If you have an open short, keep stop loss at 1362.
Supports: 1320-26, 1115
Resistances: 1362, 1401

Infy -Infy made a higher high and a higher low on Friday.
Trading Strategy: Go long with a stop loss at 1257.
Supports: 1283, 1257
Resistances: 1323, 1447

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