Business Daily from THE HINDU group of publications
Sunday, Feb 24, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Feb 24, 2008 ePaper | Mobile/PDA Version |
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Investment World
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Technical Analysis Markets - Stock Markets 
Infosys remained within a narrow range last week. The stock is moving between Rs 1,470 and Rs 1,650 since the beginning of this month. Although the short-term trend in the stock is up, its inability to move past the resistance at Rs 1,680 is a trifle concerning since a reversal from here would mean that Infosys would head towards its January 22 trough again. Traders can however buy the stock with a stop at Rs 1,480. It can attempt to move up to Rs 1,680 or Rs 1,800 in the short-term. Supports for the week ahead would be at Rs 1,480 and then Rs 1,390. Fresh shorts should be initiated only on a fall below Rs 1,480. More Stories on : Technical Analysis | Stock Markets
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