June 9, 2009, Single Stock

We did not update our blog the last couple of weeks since we were busy. Things are back to normal and you can expect regular updates from us going forward.

RIL - RIL broke out of the resistance at 2215, but could not make a new high. On the downside the supports are 2145 and then 2091. Wait and watch for a break out on either side.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2145, 2091
Resistances: 2330, 2535

Infy - We still hold the long position we initiated on May 27. We will move the stop loss to 1601.
Trading Strategy: Stay long, move stop loss to 1601
Supports: 1601, 1485
Resistances: 1795, 1911