April 17, 2009, Single Stock

RIL - RIL made a lower high and a lower low. This could be the beginning of a downtrend. We will short with a strict stop loss.
Trading Strategy: Go short with a stop loss of 1840
Supports: 1648, 1450
Resistances: 1840, 2110

Infy - Yesterday was an engulfing candle for Infy. Market is looking indecisive. We will move our stop loss down but watch the stock closely.
Trading Strategy: Stay short; Move stop loss to 1400
Supports: 1266, 1152
Resistances: 1400, 1469