Tuesday, July 14, 2009

July 14, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However it was a doji candle yesterday, signalling a possible end to the down trend. We will stay short, but keep stop losses strict.
Trading Strategy: Stay short, move stop loss to 1769
Supports: 1717, 1685
Resistances: 1769, 2052, 2183

Infy -Infy made a higher high and a higher low. We will go long with stop loss at the recent low.
Trading Strategy: Go long with stop loss at 1665
Supports: 1665, 1600
Resistances: 1775, 1819

No comments: