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24 Aug 2008

Interest in Infosys Equity

1. Infosys equity price has to move above the levels of Rs 1751 to get some clear breakout. 

2. Short term bearishness is takig its toll on the stock and as a result the stockk can fall to the levels of Rs 1619 or Rs 1589. Medium term view for stock becomes bearish if it breaks the level of Rs 1499; till than the medium term view for stock has an upward bias.

3. However if bulls charge and equity price is able to break past the level of Rs 1751 than stock can see levels of Rs 1800 and 1814.

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