April 21, 2009, Single Stock

RIL - RIL made a lower high and a lower low. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short; Move stop loss to 1755
Supports: 1648, 1450
Resistances: 1755, 1840

Infy - Yesterday was an inside day in Infy. We will expect a sharp move today. There is no clear trend in Infy. We will wait and watch before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1266, 1152
Resistances: 1421, 1469