Friday, July 9, 2010

As expected, Yesterday Nifty future faced strong resistance around 5330-5350... Today also resistance levels remain same and support zone of NIfty fut @ 5270-5280

Stock View: Infosystch

This is a daily chart of Infosys Technologies and its clearly visible that there are multiple tops around 2800-2850. Its forming a perfect triangle like pattern and therefore if it gives a breakout with huge vols then stock may be heading much higher from where it is today. Buy Infosys technologies only above 2850 with a stoploss of 2815 and look for targets of 2900/2950in short term.



Have a nice trading day

Regards

Ankit

No comments:

Post a Comment