Wednesday, August 5, 2009

August 6, 2009, Single Stock

RIL - RIL made a higher high and a higher low on Wednesday. We will stay long but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2032
Supports: 2032,1871, 1717
Resistances: 2084-9, 2113

Infy - On Wednesday Infy re started its uptrend with a higher high and a higher low. We will go long with a stop loss at Tuesday's low.
Trading Strategy: Go long with a stop loss at 2021
Supports: 2021-39, 1944
Resistances: 2107, 2142

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