August 7, 2009, Single Stock

RIL - RIL hit our stop loss and we booked profits. It was a higher high and a higher low, as well as a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2026,1871, 1717
Resistances: 2125, 2183

Infy - Infy made a lower high and a lower low. However it did not hit our stop losses. We will stay long but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2021
Supports: 2021-39, 1944
Resistances: 2107, 2142