• 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

Despite the mid-week gyrations, the outlook for Infosys continues to be negative. The stock has the immediate resistance at Rs 2,044 and then at Rs 2,100. As we have been re-iterating, investors should wait for a close above Rs 2,100 before contemplating fresh buys. However, tentative buy signals in daily momentum indicators indicate a potential up trend to Rs 2,100 in the near term. Traders can buy in dips with a stop at Rs 1,850.

Rs 1,900 will continue to be closely-watched as the important short-term support in the stock. The medium- term targets on a firm breach of this support stays at Rs 1,810 and Rs 1,662.

— Lokeshwarri S. K.

More Stories on : Technical Analysis | Stock Markets

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

Stories in this Section
Some clues on global cues

Copyright © 2007, 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