Infy and LT View

By | February 10, 2011

Infosys Technology

Infy moving in Range of 3040 and 3160 levels

Trade the range till we do not see a breakout on either side of range.

Buy near 3040 TGt 3069 3097 and 3140

Sell below 3026 Tgt 2996 and 2941

Larsen and Tubro

Larsen has seen a severe bear hammeringfrom high of 2000 to low of 1461 in a single shot.

We have seen a green candlestick patern after a long period of time.

5 EMA @ 1521.80 Stock is near its 5 EMA.

LArsen if able to close above 5 EMA than we can see some 3-5% move in the share price on upside

Buy above 1523 Tgt 1557 and 1600 SL 1500

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