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25 Nov 2007

INFOSYS UPDATE

1. Infosys has retraced 38% of its up move recorded and its 50% retracement lies at 1400 levels from where a rebound can be anticipated.

2. Long term players can use 1400 levels to buy into the stock and can be kept as a fixed deposit.


3. Depreciation of dollar is taking its toll on a good company like Infosys. However it definitely provides a buying opportunity at 1400 levels and the level can be used to enter into the stock. I will definitely get into the stock at 1400 levels if achieved.

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