Today the results are going to be out for IT major scrip INFY. What is cooking in Nifty? Let's Analyze.
INFY has closed at 701, above previous month low of 694.70. This is a very positive sign.
But the present close indicates cat on the wall situation.
If you look at previous week high and low (730-665) the present close is at 701 which is exactly the mid point of high and low. Since yesterday's close is above previous month low, the technical indicate some cheers in the market.
Don't get biased on any scrip based on your holding. Do proper analysis.
I advise going long with a strict SL of 694.70 for an immediate target 725.
Be ready to participate !!
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