Infy went up by 1 percent this morning's early trade and then fell taking with it the index too. Not with standing the prominent exit of one more top player from Infy. This share is caught between the rock and a hard place, it needs to recover quickly if not it will break its support of 3243 to 30 and then we could see it correcting by a minimum of 5 percent or more. That would take the index further down.
Infy is caught in the web created by its founder Murthy, the advisory given made a difference on the way it looked and tanked the shares. Sector rotation is still ways off, when there is an opportunity to buy the share even lower why get into it now.All it needs is another 50 point down ward movement and we can see the major support level taken off. Then when it bottoms out get into a buy mode till the results come out.Which will be better than expected. Understating is Narayana Murthy's old trick .The share will do well by that time.
Infy is caught in the web created by its founder Murthy, the advisory given made a difference on the way it looked and tanked the shares. Sector rotation is still ways off, when there is an opportunity to buy the share even lower why get into it now.All it needs is another 50 point down ward movement and we can see the major support level taken off. Then when it bottoms out get into a buy mode till the results come out.Which will be better than expected. Understating is Narayana Murthy's old trick .The share will do well by that time.