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Friday, April 15, 2011

Infosys looks hopeless

The case for Infosys looks hopeless . The  long term trend line support was broken earlier this week .
And today with a big volume day , down it went .Closing at 2990 , it may again find support at 2990 at the blue trend line .

The technicals are oversold in the short term charts . So we may see a bounce back next trading day to the previous support lines shown in the next chart . May be 50 -60 odd points .


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