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5 Aug 2007

INFOSYS UPDATE

1.I am a great fan of Infosys as a long term investment as it has always belied market expectations.Its also aptly said do not go against market trend.

2.A strong support exists at 1900 and if that level is breached we may see 1873 and if it closes below 1880 consecutively,we may assume that downtrend has firmly started in it and we may see levels of 1650 in medium term.


3.Undertake buying only if Infosys closes above 2041 to get into uptrend boat.However Infosys will provide a long term investment opportunity if it ever closes near 1650 levels.I will definitely buy it at these levels i.e if it ever hit 1650 levels.

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