Thursday, October 8, 2009

October 9, 2009, Single Stock

RIL - RIL made a higher high and a higher low. Go long with a stop loss at recent low.
Trading Strategy: If you did not already go long, go long with stop loss at 2084Supports: 2084, 2058-2071, 1923
Resistances: 2236-40

Infy - Infy made a lower low and a lower high. We will stay short with a stop loss at the recent high. Friday is results day so keep stop losses strict.
Trading Strategy: Stay short with a stop loss at 2353.
Supports: 2233, 2177, 2120
Resistances: 2353, 2415-21.

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