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27 Sep 2009

Indian Stock market Tip | Infosys | 29 Sep- 03 Oct

Infosys has suffered profit booking at high levels and one need to watch its support at Rs 2,234 and if this level is held on closing basis with volumes than stock can rise to the levels of Rs 2,435-Rs 2,525.

As a strategy one can short this stock if it closes below the level of Rs 1,899.

None has gone booking the profit and thus do remember to book some profit in the stock as IT sector stocks have been in the downtrend throughout past week. One may see a cnsolidation occuring in this stock before it gives its direction of breakout.

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