Buy I N F Y

The Fed lowered its benchmark interest rate to 4.75 percent from 5.25 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market slump.
HUGE shortcovering expected in tech stocks led by INFOSYS. Short term target 2100!!
Two more M&A news for Infy: 1. UK IT co Sage for 4.6b euros.
2. French player Atos Origin for 5.5b euros.

investors should be careful when taking a buy call in infosys because the rupee is strenghtening versus the dollar after the rate cut and it has adverse impact on IT sectors net profit

I absolutely second what Visagar just said...The Rupee will strengthen against the dollar => Dollar sensitive stocks will plunge

JB

Both of u can short this stock for a target of 1600

Your stmt contradicts the name of the thread...

Tech stocks started positive but soon were the weaker of the lot. The Rupee attempted its highest levels in more than nine years after it rose by 0.7% to 40.20 per Dollar. The appreciating Rupee would put more pressure on the Tech stocks.

perhaps i will fo a target of say 1750

Infy does 1805 approx in opening trades today

Re: I N F Y

INFY can gap down as the ADR is down 2 dollars and rupee has touched 39.85! Remember to buy in small lots as the stock gets Hammered down upto 1600-1700 levels in the days to come !

I feel IT sector is going the fmcg way over the long term, growth shall become stagnent down the line & cost, etc will grow faster.