Friday, May 15, 2009

May 15, 2009, Single Stock

RIL - RIL looks like it is on a downtrend. We will go short with strict stop losses.
Trading Strategy: Short with stop loss at 1975
Supports: 1843, 1731
Resistances: 1938, 1975

Infy - Infy continued on its downtrend. We will follow it and keep stop losses strict.
Trading Strategy: Stay short. move stop loss to 1588
Supports: 1492-98, 1418
Resistances: 1605, 1636

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