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Nov 17, 2011, 02.48 PM IST
According to IIFL, traders can sell Infosys Nov Future with stop loss of Rs 2833 for target Rs 2750, in its November 17, 2011 research report.
According to IIFL, traders can sell Infosys Nov Future with stop loss of Rs 2833 for target Rs 2750, in its November 17, 2011 research report.
“Infosys on the daily chart has been flirting with the 200 DMA which is placed at Rs2,812. This levels turns out to be major significance for the stock as close above same could confirm trend reversal on the long term charts. However there is also divergent trend seen in the short term charts, that a bullish flag formation is also visible which is currently into fifth leg and could generate positive impact after its test levels of Rs2,750. We recommend going short on Infosys Nov Future with stop loss of Rs 2833 for Target Rs 2750. (Duration 5days),” says IIFL research report. Public holding more than 90% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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