Infosys made today low 1700 and recovered well from psychological level. If rallies continues there might be sharp pull back from here. immediate target for 1780 and sustains above 1800 then target 1900/- can be seen again !
After hitting ATM Infosys 1848 corrected 100 points during market consolidation. NIFTY IT bleeding since couple of days which affected IT major stocks like Infosys. One can bet from here CMP 1753 for a target of 1875 for coming days for short term with stop loss of 1700.
Still Bank Nifty not giving proper break out above 36350 levels but today successfully tested above 36000 ! one can bet long from this levels unless it breaks 36k range.
Today 35700 strong support is ruled out as Bnifty traded above 36k . One can bet for 36500 & 37000 target in coming days.
This target is invalid if crosses below 36k
Nifty 50 today made little bit correction which was supported by global market, but bears totally failed to bring down 11200 and got rejected at 280 support level.
going towards long positions for next expiry nifty looks bullish side and can make immediate 11500+ initial target with final one 11600/-
BankNifty stayed flat today overall and doesn't showed any movement of upside or downside. Next week expiry will be interesting to watch, 22400+ can make quick move towards 22700+ on the downside 22000 can drag towards 21750/21500.