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5 Dec 2010

Market Tips and News for Infosys Trading | 06-11 Dec

Infosys has broken past the sideways range and is likely to move to the levels of Rs 3,150-3200. Stock is appearing to be in bullish trend as it is trading above 21 day moving average and 50 day moving average. One can see stock touching levels of 3200-3250 provided it is able to sustain above 3150 failing which it can fall to the levels of Rs 3,050 and Rs 2,950.

Long term investors must exit this stock if it falls below 2665 level which is is long term support.

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