July 23, 2009, Single Stock

RIL - RIL hit our stop loss and we booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2089
Supports: 1969, 1925, 1717
Resistances: 2089, 2113

Infy - Nifty made a lower low but also a higher high. We will wait for Infy to fall below 1900 before going short.
Trading Strategy: Wait and watch for a break of support before taking a short position.
Supports: 1900, 1802, 1751
Resistances: 1994, 2030-40, 2070