Rejection from 21MA formed a bearish Pin in the day chart, indicating the possible continuation of downtrend. Target - 16850 Stoploss- 17380
Bounce from 14400 does'nt look strong enough to breach 14800 RSI is not indicating any reversal Target 1-14300 Target 2-13800 Exit on closing above 14800
NIFTY is expected to move down forming the C wave Reversal zone from the bat will act as strong resistance TARGETS 9560 9020 STOPLOSS 10200
Infy has just finished the abc correction and started the last leg down Strong support levels are placed in the chart stoploss above 673