Wednesday, December 12, 2007

IntradayCalls for wednesday

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.

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