Is Infosys in bull trend?

DEAR FREIND

06/05/2008

BULLISH:

• CNX IT ( INDEX )
• NIFTY ( INDEX )
• MINI NIFTY ( INDEX )
• 3IINFOTECH
• ADLABSFILM
• AIAENG
• AIRDECCAN
• ANSALINFRA
• ARVINDMILL
• ASHOKLEY
• AUROPHARMA
• AXISBANK
• BAJAJHIND
• BAJAJ HOLD
• BANKINDIA
• BATAINDIA
• BHARATFORG
• BHARTIARTL
• BILT
• BIRLAJUTE
• BOMDYEING
• BONGAIREFN
• BRFL
• CENTRALBK
• CESC
• CENTURYTEX
• CHAMBLFERT
• CHENNPETRO
• COLGATE
• CORPBANK
• DABUR
• DENABANK
• DEVELOPMENT CREDIT BANK
• DLF
• DRREDDY
• DIVISLAB
• EDELWEISS CAPITAL
• EKC
• ESCORTS
• ESSAROIL
• FEDERALBNK
• FINANTECH
• GDL
• GESHIP
• GMRINFRA
• GNFC
• GLAXO
• GTL
• HAVELLS
• HEROHONDA
• HDFCBANK
• HDIL
• HIND OIL EXPLORATION
• HOTELEELA
• HTMTGLOBAL
• I-FLEX
• IDBI
• IDFC
• INDIAINFO
• INDUSINDBK
• INFOSYSTCH
• ITC
• IVRCLINFRA
• IVRPRIME
• JPASSOCIAT
• JPHYDRO
• JINDALSTEL
• KOTAKBANK
• LICHSGFIN
• LITL
• LUPIN
• M&M
• MAHINDRA LIFESPACE DEVELOPERS
• MRPL
• NAGARFERT
• NAUKRI
• NDTV
• NICOLASPIR
• NIITLTD
• NIITTECH
• NTPC
• OMAXE
• PARSVNATH
• PATNI
• PENINLAND
• PETRONET
• PFC
• POLARIS
• PRAJIND
• PUNJLLOYD
• PURVA
• RELIANCE POWER
• RELIANCE
• RPL
• SASKEN
• SATYAMCOMP
• SCI
• SESAGOA
• STAR
• STROPTICAL
• STERLINBIO
• SUNPHARMA
• SUNTV
• TATACHEM
• TATAMOTORS
• TATASTEEL
• TATAPOWER
• TCS
• TECHM
• TRIVENI
• TULIP
• TVSMOTOR
• UNIONBANK
• UNITECH
• VOLTAS
• WIPRO
• WWIL

BEARISH:

• ACC
• AMBUJACEM
• CMC
• CROMPGREAV
• GRASIM
• INDIACEM
• SIEMENS
• ULTRACEMCO

Is Infosys in bull trend?

is presently trying to come in bullish mode but the same is confirmed only if the stock moves above 2001 levels. Thereafter one can go long to see it achieving 2450 levels.

an investor one can enter in the stock if it moves above 1801 level and one may see the level of 1950 thereafter.

Important supports exist at Rs 1,829 and Rs 1,969 levels and thus one has to keep an eye on these levels as these levels represent 50 percent and 61.8% retracement levels.

Tata Steel- Update week ending 05 May-09 May

steel has to stay above 749 to show some strength is still left in the stock. Presently the stock is moving in a down trend and can move with in a broad band of Rs 601-Rs 899.

a long term investor one should enter in the stock only if stock moves above 851 levels.

SBI- weekly update Indian stock:05 May - 09 May

is presently in uptrend as it has given a weekly 4% upside move and thus one can see the stock achieving the levels of Rs 1,885.

On the higher side if the resistance level of 1885 is passed, than one can see the stock achieving a target of Rs 1,958.

One should keep the following supports and resistances in mind:

(a) Supports- Rs 1,739-1,679.
(b) Resistance-Rs 1,850-Rs 1,880.

Reliance Update:05 May - 09 May

stock has to remain above Rs 2,501 levels to see it achieving the target of Rs Rs 2,747 or Rs 2,820. A strict stop loss of rs 2500 has to be applied.

if the stock can cross the lebvel of 2830 than one can see the stock touching the levels of Rs 3000+. One can be optimistic on the stock and can go long if it stays above 2701 levels.