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21 Sept 2008

Latest weekly stock advice for Infosys

1. Infosys has to move above the levels of Rs 1651,1677 and 1711 to be considered that it has moved out of the downtrend which was seen when it commenced its downward journey from Rs 1,804 peak.

2. Infosys enjoys strong support at thelevels of Rs 1483 and Rs 1449 and a break down of these levls can see the stock being dragged to the levels of Rs 1301. One can not conclusively say that the downward trend in stock has finished as it has to move abogve 1711 for this assumption to be proved right.

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