Friday, July 3, 2009

July 3, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We hit our stop loss at 2113. Yesterday was also an engulfing candle. We will go long with a stop loss at yesterday's low.
Trading Strategy: Go long with short loss at 1988
Supports: 1988, 1942
Resistances: 2183, 2379

Infy - Infy did not make a higher high or a higher low. We will however stay long with the same stop loss.
Trading Strategy: Stay long with stop loss at 1745
Supports: 1745, 1701
Resistances: 1844, 1911

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