1. The saga of Satyam is now no more producing any advantage for Infosys and as a result due to poor sentiment stock could not move past the level of Rs 1,300. 50-day moving average is an important level for the stock and one needs to closely monitor the level of Rs 1,190 - Rs 1,150 and if the level of Rs 1149 is broken than it can fall to the level of Rs 1,065.
2. Thus now one can confirm that Infosys has a negative view in the and same is corroborated by the charts as they suggests a dark cloud candlestick pattern which confirms our negative view for the stock. Thus stock can decline to the levels of Rs 1,070 - Rs 920 during the down trend period.
3. As a strategy for the long term investors one should enter in this stock only if it is able to move past the level of Rs 1300 on the weekly closing basis.
26 Jan 2009
Twin Strategy for Stock Market Winners | Infosys | 27- 31 Jan
Twin Strategy for Stock Market Winners | Infosys | 27- 31 Jan
2009-01-26T15:42:00+05:30
Analyst
Infosys|
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