May 20, 2009, Single Stock

RIL - RIL was part of the surge as expected. There was also a sharp pull-back. The last couple of trading sessions have set a new trading range for RIL.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2101, 1843
Resistances: 2500, 2535

Infy - Infy is actually below its pre-election price. This means that the 1600-1700 is a strong resistance zone for Infy. Yesterday was also a lower low and a lower high.
Trading Strategy: Go short with stop loss at 1681.
Supports: 1492-98, 1418
Resistances: 1681, 1795