Stock Market: Infosys is very good for long term

There are few gems at stock market on which one can blindly rely. Infosys is one of those. With an EPS of 64 and PE 32 it is in very good position for investors. Its technical figure is better than another gem TCS!

Support: 1950-1960
Resistance: 2170-2180

Targets
3 months 2350
6 months 2600
1 year 3000

This is very good opportunity for long term investors to buy some quality stock in a reasonable price. The price is still low and now started to go upward. Price was hit by the sentiment that the strong rupee price will impact its revenue. But as always it outperformed all speculations.
At 2000 – 2050 level there was plenty profit booking and range bound trading and the movement was not as expected but now it is showing acclivity. Once dollar price stabilized it will be stronger.

Be invested in infosys if you want safe investments. Infosys never surprises for a large movement a day. Its almost rare to see that infy gained/loose 5-6% in a day. So be patients and invest for long term