Saturday 11 October 2008

Infosys may slip to Rs 960-1000: Gujral

Technical Analyst, Ashwani Gujral feels that if Infosys Technologies does not hold up Rs 1,150 then one could see levels back towards about Rs 960 to about an Rs 1,000.

Gujral told CNBC-TV18, "Infosys has broken down below Rs 1,200 other than this intra-day bounce back, if it does not hold up Rs 1,150 you could see levels back towards about Rs 960 to about an Rs 1,000. So I don’t think after this sort of news you should be playing any sort of bounce back."

He further added, "TCS broke down around Rs 700; that is now headed towards about Rs 460 to Rs 480. Satyam broke down a while back and that could go up to Rs 220-230 sorts of levels. Wipro is looking particularly weak, it held up initially but that is now headed to about Rs 220-225, so technology is quite weak."

Source: Moneycontrol

Posted by Harsh at 00:24

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