Wednesday, July 29, 2009

July 29, 2009, Single Stock

RIL - RIL made a lower low and a lower high. Stay short.
Trading Strategy: Stay short with stop loss at 1995
Supports: 1900, 1717
Resistances: 1995, 2089, 2113

Infy - Infy made a lower high and a lower low. Close the long and wait and watch before taking another position.
Trading Strategy: Book profits on the long. Play for resistance/support breaks or bounces.
Supports: 1893-95, 1802, 1751
Resistances: 2045, 2070

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