Sunday, November 8, 2009

November 09, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long but move stop loss up to Friday's low.
Trading Strategy: Stay long, move stop loss to 1930
Supports: 1930, 1851, 1802
Resistances: 2043, 2236-40

Infy - Infy made a higher high and a higher low. Keep stop losses strict. Stay long but be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 2193. If 2165 breaks, go short with a stop loss at 2242.
Supports: 2120-30, 2025
Resistances: 2288-2300, 2353

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