Tag Archives: Infosys ltd

Nifty Weekly Technical Outlook for 13th Apr, 2015

Win over your emotions.

Many of my readers must be thinking that, it is easy to do an analysis and writing once market is over. I certainly agree with them, and may be after looking at last Thursday’s  and Friday’s price action, when Nifty almost gave a signal of breaking down and recovered from the lows. Honestly, it is very difficult to stay firm and maintain long position, if you are sitting in front of screen, even it was difficult for me. Today it is very easy for me to say that Overall tone of the market is Bullish, and Nifty was about to go higher after making a low. No I wouldn’t say this, rather I would admit that it was difficult and challenging task. From above observation, time and again I am coming across only one thought; You can make money in the market not with winning strategy, but with winning over your emotions.  Continue reading

Nifty & Bank Nifty Trading Strategy as on 4 June’13

Nifty as on 3 June’13– 5939.30 (-46.65)    Bank Nifty as on 3 June’13– 12402.10 (-73.55)

Nifty & Bank Nifty continued moving lower also on Monday, but CNX IT index moved higher as Infosys was in lime light. I saw many analyst were blindly betting on Infosys and giving some huge targets, I don’t know whether it achievable or not, but as far Technical’s are concerned I think, Infosys has turned lower exactly from 2625 which is crucial resistance point. Below this level I expect Infosys to stay in the mixed range, above which it enters into fresh bullish territory. What I am trying to explain is, if you don’t understand the basics than just don’t jump into such high volatile stock, even though you respect Mr. Narayan Murthy.

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Infosys crash down was surprise for you?

On last Friday every market person was talking about Infosys Ltd., every blog was ready to encash on the name of Infosys. Some analyst were really very frustrated because of such unexpected fall, might be they must be long on the counter. Yes, I received few calls on Infosys to go long also, but anyways it has fallen.

Dear friends, before moving ahead let me confess that even I had not expected such sharp fall. But with this disclaimer let me move ahead.  In my last post on 5th Apr’13, I have clearly mentioned that Infosys – Weakness Expected (you can click here).

Point I am trying to make is, Technical analysis study has already alerted about underlying weakness in prices, and which was quite evident on Infosys and CNX IT.

In fact I was casually going through my past posts and checking out my performance, and I am really glad to say that I am on a right track with an excellent strike rate. Although I become lazy many a times, and don’t care to write article on my blog, but whatever I have given I have done with due respect to my subject and achieved good results.

I know critics can doubt on my argument, but you can check my past post, and I am sure my critics will become my fan one day.

Infosys – weakness expected

CNX IT Index as on 05 Apr'13 - 7047.35

CNX IT Index as on 05 Apr’13 – 7047.35

Infosys Ltd as on 05 Apr'13- 2865.85

Infosys Ltd as on 05 Apr’13- 2865.85

CNX IT Index and Infosys both charts looks similar to each other, like they both are twins.

I sense that CNX IT Index and Infosys will correct from here.

Below 2820 infosys will confirm its weakness and can move lower. Initially it may find support in the range of 2790 to 2760, and consolidate there.

Trading strategy could be, Buy Puts for Infosys with stop loss of 3000.

CNX IT will confirm its weakness below ~7000 mark, so keep watch on it.