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12 Oct 2008

Investment strategy for Infosys in coming week

1. As suggested Infosys broke the key levels and touched the levels of 1125 on the last trading day of the dark week.

2. However good results helped lift the stock and thus stock can be seen attempting to cross the levels of Rs 1331-1501 in near future.

3. As a strategy one can keep an eye on the stock crossing the level of Rs 1301 where it can be considered that the stock can target the level of Rs 1500. However failure to remain above 1300 level means that stock has the potential to test the levels of Rs 1110-1039- 944 . One can see 1100 as a strong support for the stock.

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