• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Infosys hit a high of Rs 1,855 on Monday before sliding lower according to our expectation. Some caution is required here as the weekly oscillators are beginning to signal a sell from overbought territory.

Weekly volumes have also been abysmal over the last three weeks.

Immediate support is at Rs 1,768 and then at Rs 1,710.

Position traders can hold their longs with a stop at Rs 1,680.

Fresh long positions should be initiated only if there is a breakout beyond Rs 1,850.

Lokeshwarri S.K.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Phoenix Lamps: Reject

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line