Infosys quarterly results disappointed Indian markets therefore trading in Red against bullish expectations. Infosys and RIL results having power to give decisive direction to Indian markets and sentiment is depressing after today Infosys results. Although long term trend is up but intermediate and short term trends are down also.
Nifty got support 4 times near 5700 earlier and yesterday good up move seen after nice base formations at 5715. As selling signals at higher levels and minor intraday support within 5812-5852 seen after weak opening today therefore mentioned trading range of today will be next move decider and Nifty will prepare for next moves within this range.
Let market prepare then final conclusions will be drawn according to break out of mentioned range(5812-5852).
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
