Monday, October 12, 2009

October 12, 2009, Single Stock

RIL - RIL made a lower high and a lower low. However our stop loss was not hit. We will keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 2084
Supports: 2084, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a lower low, but not a lower high. We will stay short but move our stop loss down.
Trading Strategy: Stay short with, move stop loss to 2277.
Supports: 2167-77, 2120
Resistances: 2277, 2353, 2415-21.

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