June 19, 2009, Single Stock

RIL - RIL continued on its downtrend after breaking its support. We will initiate a short with strict stop losses.
Trading Strategy: Go short with stop loss at 2120
Supports: 1880, 1731
Resistances: 2120, 2379

Infy - We hit our stop loss on Tuesday and booked profits. We will no initiate a long position in Infy, since it made a higher high and higher low yesterday.
Trading Strategy: Go long with stop loss at 1676
Supports: 1676, 1601
Resistances: 1844 , 1911