Exploring the world of trading
Sunday, July 18, 2010
CNXIT, CNX500 & CNXMIDCAP
CNXIT - Infosys drags TCS pulls ... closed at resistance point.
I think IT stocks will correct over the course of next few weeks as most of the juice in them is extracted and they are all facing margin pressures.
Midcaps seem to be making merry - have outperformed Nifty - will it continue?
Broader market is mirroring Nifty - with similar H&S pattern - right shoulder yet to be completed with a gap down.
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