October 6, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We hit our stops and took some losses.
We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2058-2071, 1923, 1868
Resistances: 2213-9, 2240

Infy - Infy made a lower low and a lower high. However it was also a doji candle. We will go short with a stop loss at Thursday's high.
Trading Strategy: Go short with a stop loss at 2350.
Supports: 2233, 2177, 2120
Resistances: 2350, 2415-21.