Fresh Signals

Infosys has moved above 1700. But long shadows on index charts is pointing towards resistances ahead. So, it would be necessary to place a stoploss at 1700 for Infosys longs.
SBI after having touched 1600 as per our expectations is moving down hill.
RELIANCE remains a concern for the markets as it is not moving as per the expectations.

You would have seen that almost all the levels are being touched as per our expectations. We hope that you are going through all the relevant pages here for your benefit.

See that how these signals help you to determine a trend when compared with our weekly posts. For example, Infosys moving past 1700 was not a gung ho statement in our weekly post. Similarly, SBI going down after touching 1600 was expected. But Reliance not moving accordingly implies weakness ahead. All these signals mixed together point towards a sideways market in near term ahead unless a big move comes suddenly tomorrow.

Keep watching!