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14 Sept 2008

Researched stock analysis for Infosys

1. Presently a single day wipe out of Rs 100 in Infosys has led to the conclusion that again trend has turned down and one may see the downward target of Rs 1474- Rs 1300.

2. The stock has to move above the level of Rs 1801 to ensure that the positive trend in stock is maintained. 

3. Resistances for Infosys:1,706-Rs 1,751.

4. Support for stock exist at Rs 1,606- Rs 1,579.

4. As a strategy one can go short in stock till the time the level of rs 1598 on lower side is not breached.

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