CHART-II - UPDATED
- Reaction to the news as of now looks bearish. Day closing below 50 SMA and the up trend line will favor bears.
CHART-I
- If the results does not give wild moves one should look at the range that has formed in the charts to go long or short.
- Upper end of the range is 2894 and lower end is 2810. It's better to take a position after the news is released so that one does not get trapped on the wrong side. For a positional trade tomorrows weekly close may give more clarity.
Thanks San for the information.
ReplyDelete@SAN
ReplyDeleteIn your first chart, Infy seems to be opened gap down, but as per NSE data, its not that gap visible...your other charts are fine..is it infy future...
@Anil
ReplyDeleteIt is infosys spot chart.
I don't think there is nothing wrong with the data too. EOD chart might look different. If there is any changes i will up date it.
Thanks for the comment.