July 9, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. We will stay short.
Trading Strategy: Stay short, keep stop loss to 2052
Supports: 1797, 1600
Resistances: 2052, 2183, 2379

Infy -Infy did not bounce back after breaking its 20-EMA. The 20-EMA has been a strong support for Infy over the past 20 trading sessions. We could see a prolonged down move now.
Trading Strategy: Go short with stop loss at 1819
Supports: 1671-76, 1600
Resistances: 1819, 1911