Monday, August 31, 2009

August 31, 2009, Single Stock

RIL - Our stop loss of 1868 was not broken and we made good profits last week. We will move our stop loss to Friday's low of 2026.
Trading Strategy: Stay long, move stop loss to 2026
Supports: 2026, 1868, 1717
Resistances: 2089, 2125

Infy - Infy made a good uptrend last week. However Friday was a lower high and a lower low. We will mover our stop loss to Friday's low and expect to book profits today. If Infy breaks 2141, we will switch to short.
Trading Strategy: Stay long, move stop loss to 2141, If 2141 is broken, switch to short. Supports: 2141, 1935-44, 1893
Resistances: 2199, 2415

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