November 10, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long but move stop loss up. There is a strong resistance at 2044 and then at 2080. We will wait to see if RIL can break out of these.
Trading Strategy: Stay long, move stop loss to 1962.
Supports: 1930, 1851, 1802
Resistances: 2043, 2080, 2236-40

Infy - Infy made a lower high and a higher low. It was also a doji candle. Keep stop losses strict. Stay long but be prepared to switch to short.
Trading Strategy: Stay long, move stop loss to 2200. If 2200 breaks, go short with a stop loss at 2242.
Supports: 2120-30, 2025
Resistances: 2288-2300, 2353