Posted By : Kishore B.S
Infosys came out with the results delivering better than expected result. The stock is up 4% which has taken Nifty to 6080 levels. Nifty is nearing the high of 6142 it made in September. So, the sustainability of these high levels is highly doubtful. The macros have not improved. So, the chances of Nifty making new highs are very bleak.
Today after market hours we have IIP data and on Monday we have inflation data. The inflation data will tell us the stance of RBI and give direction to the market.