INFOSYS IS SELL FOR TARGETS OF 590-550. REASONS: 1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN). 2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START. STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
It is near crucial levels. Every thing is mentioned on the chart.
PRAJIND HAS BROKENOUT FOR TARGETS 104-110-116 STOPLOSS : 93 BELOW
SUN PHARMA NEAR STRONG SUPPORTS SL IF CLOSES BELOW TREND LINE AND FAN
INDIANBANK IS HEADING TOWARDS 350-360 STRONG SUPPORTS AT 330-325
RELIANCE INDUSTRIES STRONG SUPPORT AT 870-75 RESISTANCE AT 910 CLOSING ABOVE 910 IT CAN DO 935-955
LONG TATA MOTORS FOR TARGET OF 400-10 SL 372 (CLOSING BASIS)
LONG ALLAHABAD FOR 63.6 / 66 WITH STOPLOSS 57 BELOW
LONG BAJAJFINANCE FOR TARGET OF 1700-1750 STOPLOSS BELOW 1620
LONG PEL FOR TARGET OF 2825-2900 WITH SL 2550 (CLOSING BASIS)
TATA CHEMICAL IS LONG FOR TARGETS OF 720-750 SL - CLOSING BELOW DEMAND ZONE