Tuesday, November 17, 2009

November 18, 2009, Single Stock

RIL - RIL made a lower high and a lower low. Our stop loss was hit and we booked profits. We will not initiate a short position.
Trading Strategy: Go short with a stop loss at 2162.
Supports: 2113, 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 2356.
Supports: 2335, 2249, 2120-30
Resistances: 2375, 2421

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