Sunday, August 23, 2009

August 24, 2009, Single Stock

RIL - RIL broke 1871, but too support form 1868. We will stay long, but will close our position if there is a gap down opening on Monday. If you closed your position on Friday, go long on Monday, if there is no gap-down opening.
Trading Strategy: Stay long with a stop loss at 1868
Supports: 1868, 1717
Resistances: 2064, 2089

Infy - Infy made a higher high and higher low on Friday. We will stay long.
Trading Strategy: Stay long with stop loss at 1935
Supports: 1935-44, 1893
Resistances: 2115, 2142

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