INFOSYS - SHORT TERM: WEAK, LONG TERM:FLAT, PREVAILING BIAS: STRONG
If Infosys cannot hold at 3,000 (i.e. it trades below that for 7-10 trading sessions) on the kind of low volumes it has, then its going straight to 2700-2750. If it has to go higher, it will need to stay above 3000. That seems unlikely. I don't like the selling patterns I noticed on candlesticks. Rows of candlesticks each lower than the other (usually showing a wave of selling from institutional investors). So 3000 is the level to watch
If you have it, hold with a stop loss at aroun 2900
http://www.ashudutt.com/
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