October 7, 2009, Single Stock

RIL - RIL made a lower low and a lower high. However it was a hammer candle.
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 and engulfing candle. We hit our stop loss and closed our position at break-even. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2233, 2177, 2120
Resistances: 2353, 2415-21.