Thursday, March 26, 2009

March 26, 2009, Single Stock

RIL - RIL moved up sharply yesterday. However it was expiry and we will not give much weight to yesterday's signal. Keep stop losses strict.
Trading Strategy: Stay long, mover stop loss to 1450
Supports: 1450, 1320-26
Resistances: 1610, 1959

Infy - Infy made a lower high but not a lower low. This could be the begining of a down trend. Keep stop losses strict.
Trading Strategy: Stay long. Move stop loss to 1312
Supports: 1312, 1257
Resistances: 1360, 1447

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