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3 Feb 2008

Indian Software Sector Update

1. A rally has been seen in Infosys and the same can be at best called as a relief rally as the stock has to trade above 1735 with volumes to signal some strength in the move else stock has a potential to fall back to 1300 levels.

2. Once the stock crosses 1735 it can target 1835 levels and a crossing above 1850 will signal start of fresh uptrend in stock.

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