Wednesday, July 15, 2009

July 15, 2009, Single Stock

RIL - RIL hit our stop loss yesterday and we booked our profits. RIL now looks like it is on an up trend. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with stop loss at 1717
Supports: 1717, 1685
Resistances: 1825, 1944, 1996

Infy -Infy made a higher high and a higher low. Stay long.
Trading Strategy: Stay long, but move stop loss to 1751
Supports: 1665, 1600
Resistances: 1840, 2070

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