Infosys could restart its decline: Ashwani Gujral
If Europe and US are not going to do so well, then probably techs may also not do so well.
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| Updated:
| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com
What is your call on Infosys?
If Europe and US are not going to do so well, then probably techs may also not do so well, and we have come back about 300 points, so now those levels of 2650-2700 become very important. If because of these results, or otherwise those levels are breached, then Infosys is probably heading towards 2300-2400. So nothing changes because of the last 15 days worth of rally, it has hit resistance and could very well restart its decline which it temporarily halted for the last 15 days.
What is your call on Infosys?
If Europe and US are not going to do so well, then probably techs may also not do so well, and we have come back about 300 points, so now those levels of 2650-2700 become very important. If because of these results, or otherwise those levels are breached, then Infosys is probably heading towards 2300-2400. So nothing changes because of the last 15 days worth of rally, it has hit resistance and could very well restart its decline which it temporarily halted for the last 15 days.
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