November 03, 2009, Single Stock

RIL - RIL made a lower low and a lower high. We hit our stop loss and closed our position. As predicted there was a major move in RIL. We will wait to see if RIL bounces back from 1922. The next support is at 1868.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1923-43, 1868
Resistances: 2043, 2236-40, 2285

Infy - Infy made a lower high and a lower low. We will stay short but move our stop loss down.
Trading Strategy: Stay short, move stop loss down to 2250.
Supports: 2167-77, 2120
Resistances: 2250, 2288-2300, 2353