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9 Nov 2008

Long term strategy and short term tip for Infosys week ending 14 Nov 2008

1. Infosys is moving in a strict band between Rs 1,100 and Rs 1,400. As a strategy one can buy this stock only if the stock moves above 1451 level.

2. This indian stock will be cruising ahead only if 1451 level is broken with volume and thereafter it can target the levels of Rs 1600-1650.

3. One can say that the trend for this stock has turned bullish only if the stock moves above the level of Rs 1651 which is likely to occur in medium trend.

4. On the down side stock enjoys support at Rs 1,190 and Rs 1,040 and if you have been holding this stock for some time as a short term investor than one can have a stop loss as Rs 1150.

5. All those long term investors flushing with cash can invest in the said stock as and when it falls below the level of Rs 999.

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