July 24, 2009, Single Stock

RIL - RIL hit made a higher low, but not a higher high. We will stay short but keep stop losses strict.
Trading Strategy: Stay short with a stop loss at 2089
Supports: 1963-93, 1925, 1717
Resistances: 2089, 2113

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