August 12, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will book profits and switch to long, but stay flexible
Trading Strategy: Book profits on the short. Go long with stop loss at 1973. If 1973 breaks switch back to short.
Supports: 1973, 1717
Resistances: 2125, 2183

Infy - Infy made a higher low but not a higher high. It was an inside day. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2059
Supports: 2059, 2025, 1944
Resistances: 2115, 2142