View on Infosys

Well infosys performance depends on its results, its guidance. In turn, Nifty also reacts to this IT major's news.

One of my relative asked me how does it look. Well an investor's charm i would say. Traders charm if traded in good lots. 

On 11th Jan, after its better than expected Guidance of its financial results, the stocks was 13 % up in one day. Well you must be thinking y am i telling the newd, whereas I see only charts. The point is there was big jump on one day. I knew its results were announce but dint know how they were. So to check whether a single day was not any trading error or so. 

Now coming to charts, it gave a good breakout will good volumes on basis of positive Moving Averages.

I think the stock if breaks 2770 / 2765 then the stock can go uptill 2649 levels, otherwise its still in a trend upwards. Weekly charts have still not indicated of tiring trend, but daily charts are showing such signs. But overall, it can make a new high too.

Resis  2811 / 2950 / 2959

Supp - 2770 / 2758 / 2715 / 2674