July 13, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short, with stop loss at 1890
Supports: 1731, 1685
Resistances: 1890, 2052, 2183

Infy -Infy hit our stop loss and we booked profits. We will wait and watch before taking a position. Infy made a lower low and a higher high on Friday, so we will wait for today's price action before taking a position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1665, 1600
Resistances: 1770, 1819