Thursday, October 22, 2009

October 22, 2009, Single Stock

RIL - RIL made lower high and a lower low. However our stop loss was not hit. We will stay long but be prepared to close our position. Yesterday was a doji candle, so we could see a bounce back from here.
Trading Strategy: Stay long with stop loss to 2161
Supports: 2161, 2084-90, 2058-2071
Resistances: 2236-40, 2285

Infy - Infy made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 2167.
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

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