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29 Jun 2008

Indian information technology stock update: infosys for week ending 05 July,2008

1. Infosys has to hold above the level of Rs 1699 to stay in positive trend. However stock is moving below 200 DMA and daily momentum indicators are ndicating that the stock is likely to fall to Rs 1,673-Rs 1,580 in the near term.


2. If stock manages to stay above 1700 with volume then it can target the levels of Rs 1900-2000.

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