Monday, November 16, 2009

November 16, 2009, Single Stock

RIL - RIL made a lower high and a lower low on Friday. We will stay long, but keep stop losses strict. If 2044 is broken, go short with a stop loss at the recent high.
Trading Strategy: Stay long, keep stop loss at 2084. If 2044-61 is broken, go short with a stop loss at 2146.
Supports: 2044-61, 2036, 1975
Resistances: 2146, 2213, 2236-40

Infy - Infy made a higher high and a higher low on Friday. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2313.
Supports: 2249, 2120-30, 2025
Resistances: 2421

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