Nifty Update after Infosy’s result broke down ….now what ??? click2read

update-animated

Nifty rebounded from 5477 levels but Infosys results changed the upward movement to down again as it opened gap down and closed down. Its in oversold region in daily chart and if opened or did not cross 5550 then it would move to 5430 levels . This would be last hope for bulls for Medium term and last hope will be 5265 Long term Support .

If it does not break 5400 and moves up then can move to 5600 and 200 DMA 5645 as of now. then we may update.

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