Tuesday, September 15, 2009

September 15, 2009, Single Stock

RIL - RIL made a lower high, but not a lower low. It was also a doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2105, 1923, 1868
Resistances: 2240, 2379

Infy - Infy made an inside day candle. We will keep our stop losses strict and watch for a new trend to set in. Stay long.
Trading Strategy: Stay long with a stop loss at 2177
Supports: 2177, 2120, 2025
Resistances: 2239, 2415

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