- As usual, US markets ended mixed, Asian markets are also mixed
- Yesterday Infosys came out with results, But Infosys ADR is down by 6%
- Infosys usually make big move after results
- Infosys announced buy back, people thought they will buy from retail investors at a fixed price through tender
- But they decided to buy from market and that is not a good news for retail investors
- SGX Nifty shot up 250 points yesterday for no reason, Still, right now, it is trading about 100 points higher
- Infosys is expected to fall 4 to 5% and IT stocks will drag the Nifty, Infosys alone may wipe out 40 points from Nifty
- Weekly expiry today, could see lot of intra-day volatility
- Nifty spot should find some resistance around 14600
Nifty/Banknifty 15 April 21
Nifty : 14504 A Gap Up 2day
Rest: 14725 & 14845
Sup: 14415 & 14380
PRR: 1.41
Banknifty : 31771
Rest: 32215 & 32845
Sup: 31325 & 31115
PCR: 0.93