Monday, November 16, 2009

November 17, 2009, Single Stock

RIL - RIL made a higher high and a higher low. It was also a doji candle, suggesting a possible end to the up move. We will stay long, but move our stop loss up.
Trading Strategy: Stay long, move stop loss to 2132.
Supports: 2132, 2044-61, 2036
Resistances: 2162, 2213, 2236-40

Infy - Infy made a higher low, but not a higher high. Stay long, move stop loss up.
Trading Strategy: Stay long, move stop loss to 2335.
Supports: 2249, 2120-30, 2025
Resistances: 2375, 2421

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