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14 Dec 2008

Safe Stock tip for IT sector share: Infosys | 15 Dec- 20 Dec 2008

1. Infosys has strong support at Rs 1099 and thus a reversal can take place from these levels. If stock breaks this level than it is possible to see stock plunging to Rs 1,040- Rs 940 levels. Stock has strong resistance at the levels of Rs 1,160- Rs 1,220- Rs 1260.

2. As a strategy for medium term investor one can buy this stock if it closes above Rs 1261 level which is its 50 day moving average.

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