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27 Jul 2008

Is Infosys fate dependent on US Presidential outcome?

1. Infosys stayed in a band between Rs 1,525 and Rs 1,615 during the last week. As a strategy one can exit the stock if it breaks 1499 level because thereafter stock can touch 1415- Rs 1300 levels.

2. Resistance for Infosys - Rs 1,7001 and Rs 1,821. One can buy this stock as a strategy only when the stock starts trading above Rs 1821 level.


3. However traders interested in Infosys must Keep an Eye on US Presidential Elections as selection of a particular US President can have reasonable effect on price of Infosys.

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