October 20, 2009, Single Stock

RIL - On Muhurat trading, RIL broke the resistance at 2236, but it was not convincing. We will stay long but move our stop loss up to 2161.
Trading Strategy: Stay long, move stop loss to 2161
Supports: 2161, 2084-90, 2058-2071
Resistances: 2236-40

Infy - Infy made a lower low and a lower high. We should have gone short earlier. Since we are late to catch the down move we will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21