Thursday, September 24, 2009

September 24, 2009, Single Stock

RIL - RIL made a lower high but not a lower low. We will stay short.
Trading Strategy: Stay short, move stop loss to 2219.
Supports: 2071, 1923, 1868
Resistances: 2219, 2240, 2379

Infy - Infy made an inside day. It was a higher low but not a higher high. We will move our stop loss up and look to book profits.
Trading Strategy: Stay long with stop loss at 2350.
Supports: 2340, 2177, 2120
Resistances: 2415.

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