NIFTY INFRASTRUCTURE : POISED FOR ANOTHER 25% CORRECTION
1. Sustaining Below 8,500 for over 2 months, this level will act as an immediate resistance.
2. We may expect approx. 25% downside from the current levels
3. Most likely it may retest JAN 2008 Swing top (Around 6,000) that confluences with the Weekly Order Block
4. We may find levels around these levels on peer group stocks for better R:R
1. Sustaining Below 8,500 for over 2 months, this level will act as an immediate resistance.
2. We may expect approx. 25% downside from the current levels
3. Most likely it may retest JAN 2008 Swing top (Around 6,000) that confluences with the Weekly Order Block
4. We may find levels around these levels on peer group stocks for better R:R
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