July 16, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long with a stop loss at the recent low. Yesterday was a hammer candle, so we will move our stop loss up.
Trading Strategy: Stay long, move stop loss to 1807
Supports: 1807, 1717, 1685
Resistances: 1937, 1983

Infy -Infy made a higher high as well as a lower low. However Infy did not break our stop loss. Stay long.
Trading Strategy: Stay long, with stop loss at 1751
Supports: 1665, 1600
Resistances: 1840, 2070