Sunday, July 15, 2007

Infosys - Week Ahead

The earnings announcement did not bring positive surprises and the situaton is the same..

We found the splurge in volumes but a decisive movement above 2100 or 1900 did not took place.

We need a strong consequtive close above 2100 to see a change in trend and positive outlook for stock. 1900 has acted as strong support and consecutive cand decisive lose below would take stock to 1820 and 1700 level.

In infosys dont get moved by spikes but make your mind by seeing decisive closes. Till than stock will be rangebound                                                              

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