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15 Jun 2008

Infosys BPO (formerly Progeon) - a leading provider of BPO & KPO Update for week ending 20 June

1. Infosys on the medium term outlook is positive and the same is confirmed by weekly oscillators.


2. Infosys has resistance at Rs 1,950 and then Rs 2,025 and if the stock fails to move above 1940 in the coming week will indicate that one can short the stock and in that scenario stock will have target as Rs 1,779 or Rs 1,699.

3. However if the stock continously remains below 1699 level than the stock trend would turn negative.

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