August 18, 2009, Single Stock

RIL - RIL hit our stop loss and we booked profits. We will wait and watch before taking another position. made a higher high and a higher low. The support at 1943 was taken out today, so the bias is on the downside. We will waiting for 1871 to break before taking a short.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1871, 1717
Resistances: 2064, 2089

Infy - Infy made a lower low and a lower high. Our stop loss was hit and we closed our position. The next support for Infy is 1944. We will wait to see if this is broken or if Infy can bounce back from there.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 1944, 1893
Resistances: 2115, 2142