Corrective Wave-C of corrective 'ABC' continuation after Impulsive Wave-B completion at 6133.75 on 30-05-2013. Corrective Wave-A retraced 292.65 points and its almost 100% retracement is possible therefore on going Wave-C may retrace up to 5841.10(6133.75-292.65).
As good news for INFY therefore it was more than 7% up and resultant positive zone trading immediately after opening today but follow up selling developed and slipping from higher levels.
More down moves are expected and possibility of above mentioned level(5841.10) testing is alive.
As good news for INFY therefore it was more than 7% up and resultant positive zone trading immediately after opening today but follow up selling developed and slipping from higher levels.
More down moves are expected and possibility of above mentioned level(5841.10) testing is alive.