It is clear that market had taken INFY results negative and trading 7.00% down and negative news from RIL also today. Nifty traded and closed within resistance range(5870-5940) on 13-04-2011 but depressed and trading below it today. Long positions after market stablising and base formation confirmation.
Trading Calls
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Post-open Outlook-2(15-04-2011)
It is clear that market had taken INFY results negative and trading 7.00% down and negative news from RIL also today. Nifty traded and closed within resistance range(5870-5940) on 13-04-2011 but depressed and trading below it today. Long positions after market stablising and base formation confirmation.