GMR INFRA has seen higher volumes today with a 10% positive move today. MACD may be turning and ready to give buy signal. Break of resistance @ 20 Rs will target higher levels of 23-25 in the coming weeks.
Nifty is in correction mode but has not retraced a large part of the previous swing. Bull market corrections usually correct 38% to 50% so one might watch out for support near the indicated zone. Derivatives data is suggesting very strong support in the region of 10000/10100.
Recently broke through 2.4% resistance. May test 2.6% if the FED takes a hawkish tone in December. Interesting times ahead for the Bond market. The rising yield has impact on the emerging markets as well.