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2 Jun 2008

Free Indian share tips: Infosys week ending 05 Jun

1. Infosys has to close above 1951 to show the real strength in the stock. In case the stock is able to move above this level than one can see the stock touching the levels of 2009 in a short time frame.


2. In case in a weekly close one is able to see that the stock is closing above the price of Rs 2001 than the stock has the potential to touch the levels of 2400.

3. Important supports for the week for this Indian share is 1775 and 1699. In case the level of 1675 is broken on the lower side than the stock will become bearish.

4. The optimism in stock stems from the fact that dollar is appreciating and thus its earnings will improve.

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