Tuesday, October 27, 2009

October 27, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We will stay short, but move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2068.
Supports: 1923-43, 1717
Resistances: 2236-40, 2285

Infy - Infy made a higher high and a higher low. It was a doji candle, so we could see the end of the up move. We will move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2230.
Supports: 2167-77, 2120
Resistances: 2288, 2353, 2415-21

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