April 09, 2009, Single Stock

RIL - RIL made a higher high but also a lower low. We hit our stop loss and booked profits. We will wait an watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1648, 1450
Resistances: 1742, 2110

Infy - Infy made a lower high and a lower low yesterday. We are now looking for a downtrend in Infy. However keep stop losses strict.
Trading Strategy: Go short with a stop loss at 1469.
Supports: 1266, 1152
Resistances: 1435, 1469