• 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

A tentative recovery is currently underway in Infosys Technologies. The stock halted below our second target of Rs 1,910. The oscillators in the daily chart are implying that the stock is poised at crucial short-term trend deciding level. A close past Rs 1,925 will make the near-term outlook positive and pave the way for a rally to Rs 2,000.

Our medium term outlook, however, stays negative until the stock moves past Rs 2,100. But the Rs 1,700 level can support the stock. Near-term supports are at Rs 1,810 and then Rs 1,750. Investors can watch out for buying opportunity in the band between Rs 1,700 and Rs 1,750.

More Stories on : Technical Analysis | Stock Markets

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

Stories in this Section
When stocks get ‘re-’ or ‘de-rated’

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