May 18, 2009, Single Stock

RIL - Markets will probably surge this morning on the election results. We expect our stop losses to be hit. We will wait for signals over the next few days before taking a new position.
Trading Strategy: Stay short with stop loss at 1975. (Stop loss will be hit today)
Supports: 1843, 1731
Resistances: 1938, 1975

Infy - Infy hit our stop loss on Friday and we booked profits. We will wait and watch before taking a new position
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1492-98, 1418
Resistances: 1607, 1636