June 16, 2009, Single Stock

RIL - RIL fell sharply yesterday and closed just above our stop loss of 2160. We will wait and watch today before closing our position. Keep stop losses strict and be flexible.
Trading Strategy: Stay long with a stop loss at 2160.
Supports: 2160-75, 2091
Resistances: 2379, 2535

Infy - Infy is now clearly on a down trend. Though we are late in spotting it, we will take a short position with a stop loss at yesterday's high.
Trading Strategy: Go short with stop loss at 1776
Supports: 1666, 1601
Resistances: 1776, 1844