Important Nifty 50 - Stock updates -2

Infosys witnessed profit booking form the higher levels after good results – the stock corrected with good volumes and increase in open interest. Now on daily chart is has broken the long trend line (but close to support line-2100) but on weekly chart 2100 is crucial level – closing below 2100 can end the near term bullishness in the stock. Every rise can be used to exit this stock and only a closing above 2425 should be used to enter longs. Infosys this week,
Support     2117 – 2071 – 2023

Resistance 2214 – 2261 – 2309.

Maruti, like Infosys, has broken the long trend line, and corrected more 10% this week with high volumes and open interest compared to previous few weeks and closed below 1500 which was a crucial support area. Now any bounce back should be used to exit the stocks, with 1420 being the last support for the stock for this uptrend. Maruti this week,

Support       1451 – 1413 - 1375

Resistance   1510 – 1549 – 1588.