May 11, 2009, Single Stock

RIL - RIL seems to be trading in a narrow range. The break out could be on either side. We will maintain our short but keep stop losses strict to cap losses in case break out is on the upside.
Trading Strategy:Stay short with a stop loss at 1938
Supports: 1881, 1731
Resistances: 1895, 1938

Infy - Infy continued on its down trend yesterday. We will stay short but keep stop losses strict.
Trading Strategy: Stay short. Move stop loss to 1571
Supports: 1465, 1418
Resistances: 1571, 1636