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10 Apr 2008

Infosys and Tata Steel Update

1. Tata Steel has the potential to touch 850 on the higher side and at the lower end it has a support at Rs 620. In case 620 support of Tata Steel is broken than one can see it touching Rs 580 levels.


2. The market is waiting for Infosys Technologies guidance which is going to come on next Tuesday. One can see the stock touching a price of Rs 1875 in time to come. One can be positive on the company as disappointment is not expected from the company. In case it is able to come with FY09 EPS above Rs 90 market will be happy. Another trigger for which market is waiting is inflation numbers which will be out tomorrow.

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