Wednesday, September 2, 2009

September 2, 2009, Single Stock

RIL - Made a lower high and a lower low. We will follow the down trend and move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2042
Supports: 1943, 1868, 1717
Resistances: 2042, 2089, 2125

Infy - Infy made a higher high and technically a higher low. It was also a doji candle. We will stay short with a stop loss at the recent high. However we will keep stop losses strict and look for break outs.
Trading Strategy: Stay short, with stop loss at 2204.
Supports: 2025, 1935-44
Resistances: 2199-2204, 2415

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