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The surge that we expected in this stock took place last Thursday and Infosys achieved our short-term target of Rs 2,366. The weekly oscillators that were beginning to droop have perked up after this move. The supports this week would be at Rs 2,331 and then Rs 2,302. If the stock price consolidates between Rs 2,330 and Rs 2,360, it can record another rise to Rs 2,404 and then Rs 2,455.

Hold your long positions with a stop at Rs 2,300. Those who wish to initiate fresh longs can do so in dips with the same stop.

Lokeshwarri S. K.

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