Friday, June 26, 2009

June 26, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However RIL did not break the support at 1900. We will see if this holds over the next few sessions.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1900, 1731
Resistances: 2023, 2379

Infy - Infy made a higher high and a higher low yesterday. However it was a doji candle. We will move our stop loss up, but stay long.
Trading Strategy: Stay long, move stop loss up to 1748
Supports: 1748, 1701, 1676
Resistances: 1789, 1844

No comments: