Tuesday 23 September 2008

Tech Stocks

Technical Analyst, Rajat K Bose is of the view that Technology stocks are suggesting more weakness ahead.
Bose told CNBC-TV18, "Technology stocks are suggesting more weakness ahead, especially if you look at TCS and Wipro. They are suggesting that more downside perhaps would be there going forward and TCS falling below Rs 715-710 range could mean that another 40-50-point cut in the short-term is likely. Only some amount of strength is still there in Infosys of course firstly the strength will evaporate, if Rs 1,500 were to be broken." He further added, "Satyam, I would say that as of now you can only hope that Rs 324-320 level holds, if it doesn’t then it will also experience quite a deep cut."

Source: MoneyControl

Posted by Harsh at 20:58

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