Monday, June 22, 2009

June 22, 2009, Single Stock

RIL - RIL made lower low and a lower high on Friday. However it was a doji candle. This could signal the end of the down move in RIL. Keep stop losses strict.
Trading Strategy: Stay short. Move stop loss to 2062
Supports: 1977, 1880
Resistances: 2062, 2120

Infy - Infy made a higher high and a higher low on Friday. We will stay long. Trading Strategy: Stay long with stop loss at 1676
Supports: 1676, 1601
Resistances: 1844 , 1911

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