INFY trade ideas
Infy, ResistanceA Negative Divergence is seen at the resistance zone created by bears at 1300 Call strike (highest OI for current series as well as next series). Profit booking. Please refer to my previous post on the same stock. It may go the same way as Reliance. All corrections will be watched closely as buying opportunities.
InfyThis support base if protected, price can make one more up-move. The IT major is in good shape. When Murthy removed Vishal Sikka, a lot of media (nonsense!) shouted against Murthy. Today Sikka is in big trouble due to his involvement in data theft. Look at the chart. Charts speak well. Not media.
Infy, BreakoutHow does a breakout stock works? I have been posting this chart repeatedly -- at all steps and developments. I also said that a pullback towards breakout level is possible. 1200 was protected for several days. Now today one more small breakout has taken place above the small consolidation done for 9-10 days.