Thursday, December 24, 2009

Infosys in its 5th wave..

Infosys is moving higher in its 5th wave and making all time highs. When a scrip makes all time highs, it is difficult to put a target or resistances. The prices have overcome all the pent-up supply and moving higher due to good demand for the scrip.
Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.

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Monday, December 21, 2009

Bank Nifty, Tisco,GMR, BajajHind - Short term view.

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