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18 Jan 2009

Day traders strategy for IT stock: Infosys | 19 Jan - 24 Jan

1. Due to Satyam fraud Infosys is riding high and thus people including Indians and FIIs intend adding this stock to their portfolio at lower level. stock is facing resistance at the level of 1300-1321.

2. As a long term strategy one can go long only if the stock crosses above the level of 1321 and thus one can add this stock as a long term investment. if stock crossess 1321 with volume than it can target the levels of Rs 1,355- Rs 1,450; failing which it can fall to the level of Rs 1000.

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