Friday, September 25, 2009

September 25, 2009, Single Stock

RIL - RIL made an engulfing candle. We will stay short.
Trading Strategy: Stay short, move stop loss to 2140.
Supports: 2071, 1923, 1868
Resistances: 2140, 2219, 2240

Infy - Infy fell sharply and we booked profits. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2421.
Supports: 2177, 2120
Resistances: 2415-21.

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