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Recover Market Losses, Recover money lost with your stock broker

13 Jul 2008

Indian stocks researched reports:Infosys

1. Infosys results have failed to cheer the market as the same were in line with market expectations. A bearish engulfing candle has been formed in daily charts. reversal in trend is seen because of reasons listed in subsequent paragraph.

2. It is a matter of concern for the stock as it has closed below its strong support of Rs 1700 and has also breached 200 DMA and 50 DMA. Even daily and the weekly momentum oscillators are in the sell mode.


3. If the stock closes below 1525 level then as a trader one can short the stock as its ultimate target on the downside will be Rs 1325 level.

4. Resistance for stock exists at 1880-1950 and if these are crossed then stock can touch 2000 levels.

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