August 19, 2009, Single Stock

RIL - RIL made lower low and a lower high. However it was not a significantly lower low, and hence we will not take a short position, until we see the price action on Wednesday. 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. However it was a doji candle and our support at 1944 was not taken out. 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