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20 Jul 2008

Clear indications for trend of Infosys for traders to follow to make money

1. Infosys has a strong support at the level of RS 1,500. If stock can hold this stock then stock can rebound to 2000 levels.


2. If 1499 level is breached then be ready to see the stock touching levels of Rs 1300.

3. The trend for stock is negative and it gets confirmed from the fact that 10-week rate of change oscillator and weekly relative strength index are indicating bearishness in the stock.

4. During the week strategy can be to watch the stock move in positive direction and if it is not able to break the level of Rs 1,651; then one can short the stock and one can see stock touching levels of 1425.

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