May 21, 2009, Single Stock

RIL - RIL is still within the trading range though it is closer to the bottom. Look for a break out on the downside to take a position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2101, 1843
Resistances: 2500, 2535

Infy - As we predicted, Infy is on a downtrend. We will continue to follow the downtrend in Infy.
Trading Strategy: Stay short. move stop loss to 1608.
Supports: 1492-98, 1418
Resistances: 1681, 1795