1. One has to keep watch for 1699 level which is 200 DMA for the stock. Due to strengthening of dollar against rupee Software sector is happy and thus stock may touch 1954-1975 levels.
2. One can short the stock if 1699 level is broken as in downtrend the stock can achieve the level of Rs 1200 which is on extreme side and if it keeps on trading above 1701 level than stock can touch 1775-1950 levels with ultimate dream target as 2150. However for achieving ultimate target stock has to decisively trade above 1951 levels.
Get Free Indian Stock Market Tips in Email Here.
18 May 2008
Indian Software Sector best Bet Infosys Update for week ending 24 May
Indian Software Sector best Bet Infosys Update for week ending 24 May
2008-05-18T13:20:00+05:30
Analyst
free indian software industry update|
Subscribe to:
Post Comments (Atom)
MOST POPULAR POSTS AS CHOSEN BY 12 LAKH READERS & SUBSCRIBERS WORLDWIDE