October 8, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We will look to take a position if RIL bounces back from support or if the support at 2058 is broken.
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. We will go short with a stop loss at the recent high.
Trading Strategy: Go short with a stop loss at 2353.
Supports: 2233, 2177, 2120
Resistances: 2353, 2415-21.