April 28, 2009, Single Stock

RIL - RIL made a higher high and a higher low. However it was a doji candle, indicating a trend reversal. We will look to initiate a short today if RIL goes below 1761.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1761, 1685
Resistances: 1840, 2110

Infy - Infy made a hammer candle yesterday. Market is still undecided on Infy. We will wait for a conclusive signal before initiating a position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1356, 1266
Resistances: 1469 , 1660