July 7, 2009, Single Stock

RIL - Budget day was bad as we had predicted. Most support levels were broken yesterday. The next support is at 1834 and then 1600.
Trading Strategy: Go short with a stop loss at 2183.
Supports: 1834, 1600
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