Nifty kissed 5300 zone once again and gave a closing below that. Though the stock specific action is telling that the positive momentum is still there it is better to go for stocks than nifty. Volatility index is telling some long addition happening on every dip. If we see the world markets Dow is close to the previous top and that can act as a stiff resistance zone and we could see the after effect in Indian markets too. Turnover data is suggesting some cash inflow from institutional traders and we could see the effect in Reliance Industries. Going ahead Infosys is one stock that looks promising from a trading perspective. Above the previous high the stocks is expected to touch 2300 in the coming week. For nifty 5190-5200 can act as the immediate support zone where we could see some moving averages are placed. On the upside nifty is expected to face stiff resistance close to 5350 zone where the previous swing high is placed, thus it is wise to go for stocks than nifty.
