• Home
  • Samachar
  • News
  • Finance
  • SPORTS
  • Movies
  • Bawarchi
  • Videos
  • Gold rates
  • DUBAI GOLD RATES
  • RUPEE
  • Jobs
  • Health
  • Techtalk
  1. Sify.com
  2. Finance
  3. Imagegallery
  4. Markets
  5. Six hot stocks

Six hot stocks

Thumbnails
FullScreen
comments Comments
Six hot stocks
Infosys

Despite the wobble on Monday that made the stock decline to Rs 1,288, Infosys closed the week on a strong note with a 5 per cent weekly gain. Investors however need to tread carefully in the near-term since the stock is nearing the strong resistance zone around Rs 1,450 offered by the 200-day moving average and the November-2008 peak. Short-term traders can hold their long positions with a stop at Rs 1,340. Decline below will take the stock to Rs 1,288.

The stock is currently pausing close to the upper boundary of our medium-term range that is at Rs 1,500. A strong break above this level will give the next target at Rs 1,580 and Rs 1,650 for Infosys.

Also Read: Infosys hints at acquisitions in US

Thumbnails
FullScreen
comments Comments