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6 Jan 2008

Infosys Stock Update

1. Infosys stock suffered from pre earning jitters and now it is confirmed that the stock has been lapped by the bears.

2. However a ray of hope exists if the stock can manage to hold above 1639 and thus any up move thereafter can target the levels upto 1849-1899.


3. Bullish trend will be only confirmed once the stock crosses past 1901 with volumes.

4. Short term investors must exit the stock if the level of 1639 is breached.

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