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8 Jun 2008

Indian stock weekly tips:Infosys

1. Stock is showing positive trend but for this positive trend to continue Infosys has to stay above the levels of Rs 1901 failing which the stock can fall to the levels of Rs 1850 and if stock remains above 1901 level than it can target the level of Rs 2000 in the coming week. Moreover if we are able to see weekly close above 2001 than it shows that the stock is heading towards the level of Rs 2430.


2. One can go long if the stock stays above Rs 2000 level and one can go short if the stock falls below 1899 level from where the stock can achieve the level of Rs 1850-1720-1700 on the lower side and recommended prices will act as the resistances.

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