Stock
Guide
Indian markets are expected to trade in a range
on Tuesday following muted trend seen in other Asian markets.
The
Nifty has closed in red on Friday which indicated that there was some profit
booking by the bulls. In this consolidation Nifty has formed an expanding
triangle or a broadening pattern on its daily chart which can be in either wave
B or wave II.
The
S&P BSE Sensex rallied over 100 points to hit its fresh record high of
22,467.21 in trade on Monday, while Nifty managed to managed to climb over 30
points to hit its fresh record high of 6730.05.
The Nifty was at 6,702.75, up 7 points or 0.10
per cent. It touched a high of 6,730.05 and a low of 6,692.55 in trade today.
Infosys Ltd
Infosys Ltd
Infosys is expected to report 1.2 per cent drop
in net profit and half a percent fall in revenue for the March 2014 quarter on
a sequential basis, according to an average of analyst estimates.
The Sensex
is up 102.47 points at 22731.43, and the Nifty is up 16.40 points at 6792.70.
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