Infosys weekly chart
Infy is in uptrend from many weeks . It has reached a major resistance at Rs.3000. If it breaks this level then further rally can be expected.
Bank Nifty Monthly Chart
As per last month's close Bank Nifty has completed 78.6% retracement which is at 9900. Next target is 9000 . As long as Bank Nifty is below 10400 medium term trend will remain down .
Disclaimer : Charts presented here are not for
recommendation or to advice . They are for educational purpose. More details
such as stop loss , target are shared with subscribers.
Gold
Gold has reached an important resistance level. Those who want to consider long can do that only if it breaks trend line resistance.
Nifty medium term trend
| Trend | Down |
| Initiation Date | 30-07-13 |
| Initiated at | 5755 |
| Low since change | 5649 |
Thought for the day
Life is a compromise of what your ego wants to do, what experience tells you to do, and what your nerves let you do.
