We shall look for 935-937 & likely if takes support or below channel fails then 925-927 Zone. If missed then wait for a bounce from 951 to 955 Zone. keeping Stops above 960 -one can execute the trade or if starts trading below 946-948 Zone.
Previous Update- Above 938 to 955-960 - Awesome kissed 956.85
It bounced back from 951 to 955+ as we were expecting we will see if it gets resistance or see selling pressure not going above 960 level.
It should not cross 960 on upside.
Poked above 960
We will avoid taking sell -if taken in between 956-958 be careful or kindly exit as suggested above.
Can't help but that is the fact it just went to take stops which were sitting on top
There is a bearish butterfly in 961-962 zone
This trade is for risky traders as no stops.
Testing your patience. It will do so -if you want to become best trader - patience will be required.
Going below 955-957 - Likely, we see the Infy moving down.
This is one of the previous updates where I have mentioned as last comment that Infy above 947 can touch 965-975 zone as well.
Going below 955 we will follow current update.
But now we have lost 10 points above 955 so we won't hurry in the trade. Yes you can take long positions but keep in mind -Infy should not move below 960 & later 955 before touching 975.
This update is closed.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ