May 27, 2009, Single Stock

RIL - RIL seems to be trading in a narrow range between 2091 and 2215. Wait and watch for a break out on either side.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2091, 1843
Resistances: 2215, 2535

Infy - On Monday, we hit our stop loss at 1529 and booked profits. Yesterday was a higher high and a higher low. We will initiate a long position.
Trading Strategy: Go long with stop loss at 1485
Supports: 1485-98, 1418
Resistances: 1529, 1681