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4 Jan 2009

Indian stock strategy for Infosys: 05 Jan - 10 Jan 2009

1. Infosys is likely to move in a range between Rs 1,100 and Rs 1,200 and the trend for the stock in coming days is sideways.


2. This stock has a strong resistance at Rs 1201 which is its 50 DMA. As a long term investor one can buy above the level of RS 1200 for the target of Rs 1300-Rs 1400. Medium term trend for the stock is down and is likely to move in a range of Rs 950 and Rs 1,100.

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