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Who could have thought that the exciting Infosys stock could turn this dull and boring. A triangle is being charted in the daily charts since May 30. This pattern could be the second part of the correction that commenced in February 2007 with the third leg set to take the stock lower to Rs 1,694.

However, a rally past Rs 2,100 will be an indication that the move in July was a terminal corrective that precedes the next leg of the longterm impulse wave. Best to stay away from this counter till it moves out of the no man's land between Rs 1,900 and Rs 2,100.

Lokeshwarri S.K.

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