The chart of Infosys examined on daily time frame and it seems that the bad time of the stock has been obsoleted. We have already given the buy call on the stock for long term perspective for target of 1000 rupees when the stock was around 650 levels. The stock shows strength every time the Nifty Index makes new high as we compared in this chart also and it has a very cool & low impact of USDINR. We hope that the stock will open Gap up on Monday and makes new high in this series as it has given strong buy signal at these levels after testing its (previous resistance) now support neckline @ 800-810 levels. The option data not showing any hurdle if it open Gap up it also makes a way to push it further in the Sky. The stock having decent OI change in Futures and a very good Deliveries being gathered in last few months.
Trade chiuso: obiettivo raggiunto:
Target reached for the day, profit booked by my paid customers on friday's call at 837.40 levels. Its merely profit booking by big guy's. Another buy target will be activated around 820 levels with SL of 808.
Trade chiuso: obiettivo raggiunto:
As per our views, the stock opened gap up and make the 2nd recent high of 838 levels as we suggested. However, profit booking seen on the upper levels which is native in manner. The stock having good support @ 810 levels.