Monday, July 20, 2009

July 20, 2009, Single Stock

RIL - RIL made a higher low but not a higher high. We will stay long but move our stop loss up. Keep stop losses strict.
Trading Strategy: Stay long, move stop loss to 1925.
Supports: 1925, 1717, 1685
Resistances: 1968-80, 2113

Infy - Infy made a higher high and a higher low. It was a break out on the upside. Stay long. Move stop loss to 1802.
Trading Strategy: Stay long, with stop loss at 1751
Supports: 1802, 1751
Resistances: 1911, 2070

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