Technical Call:Infosys,Bank Nifty and Jet Airways

Jet Airways

Jet Airways is forming Higher Low and facing resistance around upper trendline @498 as shown in daily charts. Volumes have been muted for past 2 trading sessions.

Once Stock starts trading above 498 it can easily go till 520 levels.

Buy above 498 Tgt 500 and 507,514 and 520

Sell Below 497 Tgt 491 and 485

 

Bank Nifty

Bank Nifty have been trading in a channel with resistance at upper trendline @11980. Move above this level will propel BN to 12200 level.

BN is forming a higher Lows and moving in parallel channel.

Indicators are muted with RSI in neutral zone and Stoch in BUY.

Buy above 11980 Tgt 12053 and 12254 SL 11881

 

Infosys Technology

Infosys Technology after the fall of its results is showing some signs of recovery by closing above its 5 Day Low EMA  which can only sustains if it closes above 2978 levels.

 

If its again start falling below 2878 than we are in for tough times and stock could retreat as much as 2400 levels also.

All Indicators are oversold on daily charts

Buy above 2964 Tgt 2978,3000 and 3040

 

All levels mentioned are Spot Levels.

Make your own trading plan with the Levels given