April 16, 2009, Single Stock

RIL - RIL continued on its uptrend. We will wait an watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1648, 1450
Resistances: 1840, 2110

Infy - Yesterday was a sharp down move for Infy. This looks like the beginning of a downtrend. We will short with a strict stop loss.
Trading Strategy: Go short with a stop loss at 1469
Supports: 1266, 1152
Resistances: 1469 , 1660