May 7, 2009, Single Stock

RIL - RIL made a hammer candle yesterday. This shows strong resistance on the upside. We will look for a break out on the upside or a fall from the resistance zone.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1731, 1691
Resistances: 1938, 1895

Infy - As we predicted Infy was down yesterday. We will stay short but keep stop losses strict.
Trading Strategy: Stay short. Move stop loss to 1609
Supports: 1550, 1418
Resistances: 1636, 1660