SORRY! I could not able to update on Monday due to system problem.

On Monday I bought infosys at 1726 and booked profit at 1752 because I was told that UBS has to file bankruptcy on Monday consequently US market will end in negative so delivery is not good. However nothing happened. I planned to take delivery but I missed the chance. Today infosys was nearing 1800 levels.

MY VIEW

Today market ended in positive. Technically in the chart I feel the market is resisted at this level, as the IIP data is to come this week. May be that data would be a trigger for either side move, I feel so. Let’s watch what happens tomorrow.

Infosystch

Technically I feel there will be strong resistance at 1854. To my mind we can book profits tomorrow if anybody bought on Monday and shall buy again at correction.

Thanks for visiting!