July 9, 2009

Infy result to conclude the week

Infosys result is on the way before opening bell. Market is expecting a negative set of numbers from it. Up to me, after the result comes (good or bad) operators will make the market to bounce. I am expecting a positive close today with 2 to 3% on the side.

My target for this week's close would be around 4180 levels. Maximum Nifty can stretch up to 4258 levels. There the call option and longs should be closed and fresh short can be initiated.

I have no idea about Infosys result. But if it does not break 1670, then long's can be initiated with the same (1670) level as stop loss.

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