July 6, 2009, Single Stock

RIL - Again on Friday we hit our stop loss and closed our position. We will wait for the market's reaction to the budget before taking a position. The bias is however on the downside.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1980, 1942
Resistances: 2183, 2379

Infy - Infy did come close to our stop loss but did not break it. We will stay long with the same stop loss.
Trading Strategy: Stay long with stop loss at 1745-50
Supports: 1745-50, 1701
Resistances: 1844, 1911