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31 Mar 2009

Indian stock market update for Reliance and Infosys | 01 Apr


1. Reliance has gone in an uptrend and thus one can buy this stock with a target price as Rs 1570-1600-1620 with stop loss as Rs 1499. One can see stock achieveing the target of rs 1620 in medium term. Stock enjoys supports at Rs 1490-1475 which needs to be kept under observation.

2. Rupee depreciation is ringing profits for Infosys and thus one can buy this stock in staggered fashion as company has sound track record. However it has to pull up its socks as companies like Cognizant are giving it a run for the money due to better and realistic management as Infosys is still struck with age old working style which needs to be changed with passing decade.

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