April 02, 2009, Single Stock

There were no posts from 28th March to 1st April. Sorry for the inconvenience.

RIL - RIL made an engulfing candle yesterday, indicating a trend reversal. We will wait and watch for a confirmation signal before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1495, 1450
Resistances: 1594-1610, 1959

Infy - Infy looks like it is on an uptrend.
Trading Strategy: Go long with stop loss of 1266
Supports: 1266, 1257
Resistances: 1397, 1447