October 30, 2009, Single Stock

RIL - RIL made a higher high and a lower low. It was also a doji candle, indicating indecision in the market. We can expect a major move in RIL over the next few session. We will stay long, but keep stop losses strict.
Trading Strategy: Stay long with a stop loss at 1975
Supports: 1975, 1923-43
Resistances: 2043, 2236-40, 2285

Infy - Infy made a lower high and a lower low. We will stay short.
Trading Strategy: Stay short with a stop loss at 2300.
Supports: 2167-77, 2120
Resistances: 2288-2300, 2353, 2415-21