Sunday, July 26, 2009

July 27, 2009, Single Stock

RIL - RIL hit made a higher low, and just managed a higher low. We will stay short but be prepared to close and switch to long on the break of resistances.
Trading Strategy: Stay short with a stop loss at 2089
Supports: 2001, 1963, 1925
Resistances: 2089, 2113

Infy - Infy broke 1994. It also made a higher high and a higher low.
Trading Strategy: In you are not already long, go long with a stop loss at 1893
Supports: 1893, 1802, 1751
Resistances: 2030-40, 2070

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