April 27, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will wait for RIL to break the previous high of 1840 before taking a long position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1685, 1648
Resistances: 1840, 2110

Infy - Infy made an inside day yesterday. Infy is finding it difficult to break the resistance at 1469. This indicates further indecision in Infy. We will wait and watch before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1356, 1266
Resistances: 1469 , 1660