Monday, February 3, 2014

CNX Infra tested its 50% retracement of its previous rally.


  •  CNX Infra had tested 50% retracement of its previous rally from 1830 - 2595.





  • The index has been trying to make a base at its 50%  retracement at 2212.
  • If it holds the support, a bounce can come uptill 2279, 6303.
  • Further support is at 2182, 2120, 2074, 2047.
  • 200 day S.M.A stands at 2294.
  • Indicators are in oversold territory.

Weightage of Stocks in CNX Infra Index 
as on 3-02-2014

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