Wednesday, June 17, 2009

June 17, 2009, Single Stock

RIL - RIL broke its support at 2160. We hit our stop loss and closed our position. We will wait and watch for today's trading before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2091, 2000
Resistances: 2379, 2535

Infy - Infy did not make a lower low, but did not make a higher high. Keep stop losses strict and stay flexible.
Trading Strategy: Stay short, move stop loss to 1735
Supports: 1672, 1601
Resistances: 1735, 1844

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