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7 Sept 2008

Blockbuster online stock trading newsletter for Infosys

1. Infosys is in upswing mode as suggested in previous week online stock trading report for the stock. 

2. The stock enjoys support at 1679 and 1599 levels. On the higher side is likely to witness resistance at the level of Rs 1805 and Rs 1881.



3. As a strategy one can go long in the stock on a reversal from the first support as medium term outlook for the stock is positive and same is also corroborated by momentum indicators and 10-week ROC.

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