Thursday, October 29, 2009

October 29, 2009, Single Stock

RIL - RIL made a higher high and a higher low. Our stop loss was hit and we booked profits. We will now go long.
Trading Strategy: Go long with a stop loss at 1975
Supports: 1975, 1923-43
Resistances: 2043, 2236-40, 2285

Infy - Infy made and inside day with a lower high and a higher low. We will go short with a stop loss at recent high.
Trading Strategy: Go short with a stop loss at 2300.
Supports: 2167-77, 2120
Resistances: 2288-2300, 2353, 2415-21

No comments: