NSE:INFY is unable to close above 1190 and facing resistance....today also it has printed a bearish pinbar....i will look to short tomorrow..around 1185-1190 with stop loss of 1200 for immidiate target of 1150.
As per chart it is clear that breakout above 330 does not sustain and the price is back in channel ......i will go short tomorrow around 328 for the immediate target of 318 with stop loss 332.
Watch out for NSE:HINDZINC if tomorrow it breaks 328, it is a good short candidate as a beautiful bearish pinbar formed today which is signaling a reversal...
So watch out... but don't jump in the trade as 330 is a support level
NSE:YESBANK has broken support of 325-330 and today a pin bar formed at its support which converted it to resistance , so i will short yesbank tomorrow if it fails to trade above 320. my target is 305-300. So what are your view?