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21 Dec 2008

Indian IT sector stoc tip | Infosys| 22 Dec- 27 Dec

1. It can be firmly stated that Infosys has a strong support at the level of Rs 1100. As a strategy one can go long in this stock if the same is able to move past the levels of Rs 1240 to target the levels of Rs 1450.

2. This Indian stock is likely to encounter resistance at the levels of Rs 1,240 and Rs 1,300. As a strategy one can hold the stock till the time the level of Rs 1099 is not breached. Stock is likely to be struck in a range of Rs 950 and Rs 1,500 and presently trend is sideways.

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