Fed cut modest. Indian ADR's have fallen . Infy has fallen to 43.74 $ ie more than 4% drop.
Infosys likely to fall in nifty and bse also . Short sell on infosys . 1st target 1710 , 2nd target 1690 . Buy back towards later part of afternoon.
both targets achived on infy.. infy reached a low of 1692 and is witnessing a turnaround. it is showing heavy resistance at 1700- 1698.. and is likely to go up in the afternoon.
We intiate a momentum call on punj llyod at cmp of 540.