Monday, October 12, 2009

October 14, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will move our stop loss up to Friday's low.
Trading Strategy: Stay long, move stop loss to with a stop loss at 2090
Supports: 2084-90, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a higher high and a higher low. We will stay short but be prepared to close our position.
Trading Strategy: Stay short with stop loss at 2277.
Supports: 2167-77, 2120
Resistances: 2277, 2353, 2415-21.

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