Isn't that amazing & exciting that Infy turns from 1010 which was updated as a good on 19th Sep2016 update shown below
Its an early sign of reversal & we need watch for support zones 1040-1045 & 1020-1025 if holds & pushes up, then likely that will be the 2nd clue that INFY wants to fly in the open sky. We already had our 1st clue as 1010 reversals.
CNX IT is almost at corner to turn up again will that take IT stocks up-up & away- well time will let us know.
Once the zone of 1010-1011 was broken -Infy melted or went sharp downside to 901.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
- People don't realize we are heading for trouble in Index -It will bounce close to 8900 levels & if fails this time, then it will be the warning bell for the markets. Let us come back in in early june JUly 2017 to pick some stocks & sit with the cash.