-> The stock saw a huge sell off in 2011 results at 3400 levels.
-> Ever since that the stock took a huge correction for many months.
-> 2950-3000 has been a resistance for the last 6-8 months. The stock is now consolidating at higher levels and one may now watch for a breakout above 3000.
-> Supports at 2800-2750 and one needs to watch for a good closing above 3000 which can happen in next few weeks to initiated a trade.
Happy Investing,
Nooresh Merani
February 24, 2012
hi, i am long on infy fut at 2982 what should be my stop for monday and for the march month expiry
February 27, 2012
The stop is placed at 2890-2850 band
February 26, 2012
Plz contact me if you have an intraday plan for day trading
February 27, 2012
We will get back to u.
February 28, 2012
Is this an ainverted H&S(april onwards) or an Ascending triangle (sep onwards)?
February 28, 2012
Important point is when it crosses 3000.