April 08, 2009, Single Stock

RIL - RIL made a higher high and a higher low and continued on its up trend. We will follow RIL.
Trading Strategy: Stay long. Move stop loss to 1646
Supports: 1646, 1450
Resistances: 1742, 2110

Infy - Infy made an engulfing candle on Monday, indicating a possible trend reversal. Our stop loss at 1383 was hit and we booked profits. We will wait for the next trend to set in before taking a position
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1383, 1257
Resistances: 1266, 1152