Saturday, July 12, 2008

Investment Ideas - A follow up

Infosys Technologies

INFOSYS chart is updated in the blog.

We generated a buy call at 1755 Rs. It did a high of 1850, almost 100 Rs up from our buying price. It has given a downward breakout today with good volumes. Hope this is a false breakout.

As the stock got battered down due to bad global ques and meltdown in a few sectors. Lets see what happens next.


NTPC

NTPC gave a whopping 10 % returns after our recommendation. Was given at 153-154 levels and it did 170 after that. Although NTPC also got battered, we are still bullish.

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