indiamarketoutlook

Infy: Love affair with the stock continues....

NSE:INFY   INFOSYS LTD
Infy             CMP 899.50

In the previous post when Infy             was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone.



Despite Infy             offering Share buyback at 1150...

despite Infy             seeing the return of respected Nandan Nilekani on the board...

we have seen price rejection in Infy             stock price right in the zone (of 930-960) that charts were highlighting...!!! :-)

The stock may remain sideways for some time with down ward bias

Tc             and safe trading...!!!

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