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12 Nov 2007

Infosys in Down Trend

1. Infosys has gone into its third leg of retracing its price and thus one ma be able to accumulate the blue chip at throw away price between a range which may extend between 1650-1400.

2. The scrip of Infosys has given negative returns close to 11% on year to year basis. However it is a blue chip which can be accumulated for long term gains.

3. The company as such is progressive and is just reeling under pressure because of the pressure caused on its margins because of appreciating dolar.

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