TechMantra

INFY - Wait for it...

NSE:INFY   INFOSYS LTD
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Infy             broke a strong support which was intact for a very long time and it was broken with good volumes. Don't know much about fundamentals but weakening dollar isn't helping it either. More downside is possible as long as it stays below the support line. Trend seems negative for the whole market as well. Hold your horses if you were thinking of buying INFY             . I do not initiate a short here but will wait for right time to initiate long. If the market sentiment remains negative, the stock can come down to 700 - 730 range which will be a very good price to get in for long term investment.
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