Monday, August 31, 2009

September 1, 2009, Single Stock

RIL - Our stop loss of 2026, was hit and we booked profits. We will go short with a stop loss at Friday's high.
Trading Strategy: Go short with a stop loss at 2089
Supports: 1943, 1868, 1717
Resistances: 2089, 2125

Infy - Infy opened low and broke our stop loss. We also switched to a short position. We will stat short with a stop loss at the recent high.
Trading Strategy: Stay short, with stop loss at 2204.
Supports: 1935-44, 1893
Resistances: 2199-2204, 2415

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