November 12, 2009, Single Stock

Apologies for not posting on ideas for November 11.
RIL - RIL made a higher high and a higher low on Wednesday. We will stay long but move stop loss up. RIL broke the resistances at 2044 and at 2080.
Trading Strategy: Stay long, move stop loss to 2036.
Supports: 2036, 1975, 1930
Resistances: 2213, 2236-40

Infy - 2200 did not break and our patience paid off. As we predicted, Infy made a sharp move up on Wednesday. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2249.
Supports: 2249, 2120-30, 2025
Resistances: 2288-2300, 2353