online poll by Opinion Stage
Wednesday, March 19, 2014
Wednesday, March 12, 2014
2 index stocks to watch out for in coming days
Although Nifty is at all time highs, 2 leading index stocks are doing something different.
Tata Steel :
The bears will keep an eye on the red line, whereas the bulls will keep an eye on the green line.
In any case, once it breaks 335, Tata Steel might be headed lower and fast. It needs to go above that red line to become safe.
INFY :
It has been rising at an angle of almost 45 degrees for almost 1 year now. However, it has broken the trendline as seen on the chart.
There seems to be some negative news after market hours today and the ADR on Nasdaq has given a strong negative reaction (down 6.7% as I type this).
If Infy opens below 3550 cash here tomorrow, it can slide further.
Watch these 2 stocks tomorrow and in coming days to get an idea about what Nifty might do
Tata Steel :
The bears will keep an eye on the red line, whereas the bulls will keep an eye on the green line.
In any case, once it breaks 335, Tata Steel might be headed lower and fast. It needs to go above that red line to become safe.
INFY :
It has been rising at an angle of almost 45 degrees for almost 1 year now. However, it has broken the trendline as seen on the chart.
There seems to be some negative news after market hours today and the ADR on Nasdaq has given a strong negative reaction (down 6.7% as I type this).
If Infy opens below 3550 cash here tomorrow, it can slide further.
Watch these 2 stocks tomorrow and in coming days to get an idea about what Nifty might do
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