“BUY INFY
ABOVE 1200 TGT 1230/1260”
“SELL INFY BELOW 1170 TGT 1150/1130”
DAILY CHART FOR INFY:
Primary
trend of the INFY is bullish and after giving breakout of its range bound
movement, it is forming continuation pattern in short term charts, it is likely
to continue the positive movement with the breakout of the pattern at the
levels of 1200 ; as the stock is managing to trade above its 50 and 200 days
moving averages with the RSI of 52, one may expect the targets of 1230 in the
stock if it manages to sustain above the immediate support level of 1200.Today,Sensex ended with gains of seven points at
27,815. The Sensex opened at 27,912 touched an intra-day high of 27,929 and low
of 27,752.The Nifty closed with a loss of mere two points at 8,520. The Nifty
opened at 8,540 hitting a high of 8,550 and low of 8,494.
Indian Stock Market would open
positive. Technically, Indian Stock Market is still in positive zone. Analysis
would remain same. Market would continue to see positive rally until Nifty
holds 8480 levels by closing. BankNifty would continue to outperform Nifty and
Next target for BankNifty would be 18800-19000 levels.
TOP GAINERS: Tata
Steel, GAIL, ONGC, Coal India, Idea, BHEL and Kotak Mahindra Bank
TOP LOSERS: PowerGrid, BPCL, IndusInd Bank,
UltraTech Cement and Lupin
No comments:
Post a Comment