In trading decision's there is No grey zone, Call it Black or white , That's the Game here in Trading. Most people get confused while taking a trade decision bcos they mix up various factors & attain Grey zone , so they can neither call it Black nor white & convince themselves for taking trade on one direction & eventually when it fails they get upset. But they don't realize if they keep it simple as Black or white it will help their trading.
So what do we have here in Nifty ? 9960's zone is pretty much good support turned resistance zone, as it sustains to resist market will be ranging between 9700's to 9960's. If that gets crossed, sure there is no harm in aiming for 10300 which can be the last leg of the most-hated bull run. As we discussed earlier if 9700;s broken, then its game over for Bulls expect around 9400;s next.
How much effect will Infy have on nifty this week sir.
InsiderB
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@timjames986, To be pretty much open , I don't believe in single company affecting Nifty. This was wide buzz created by News Channels / Reporters to up the ante & to give interesting headlines like : " Infy Pulls Down Nifty, L&T takes up Nifty to New Highs ". But Nifty is collective index of various companies performance, unless we have every minute research data we can't say for sure . So, only generic terms applicable like " Infy pulled down Nifty or made it stagnant"