April 13, 2009, Single Stock

RIL - RIL made a higher high and higher low on Thursday. We will wait an watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1648, 1450
Resistances: 1768, 2110

Infy - We hit our stop losses on Thursday. However it was a hammer candle indicating a trend reversal. We will wait and watch before taking a position
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1266, 1152
Resistances: 1437, 1469