{"id":240701,"date":"2012-11-26T10:35:54","date_gmt":"2012-11-26T05:05:54","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=240701"},"modified":"2012-11-26T10:35:56","modified_gmt":"2012-11-26T05:05:56","slug":"analysis-infy-2","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/26\/analysis-infy-2\/","title":{"rendered":"Analysis: INFY"},"content":{"rendered":"

Today\u2019s pick is [stockquote]INFY[\/stockquote]. The stock has been in a down-trend since highs of Feb. However, since late August, the stock has seen a pennant formation. In the last three month period, the stock was up 2% Vs. 4% as that of Nifty\u2019s return. <\/p>\n

We had issued a short-term buy<\/a> last month that didn\u2019t quite pan out as we expected \u2013 the stock is basically flat since then, stuck in a narrow range. <\/p>\n

\"stock\"<\/a> <\/p>\n

Oscillators RSI<\/a> and CMO<\/a> are at currently at 50 and -3 are in no men\u2019s land. <\/p>\n

MACD<\/a> line and the signal line are moving very close to each other and are not suggesting any trend. <\/p>\n

The GMMA<\/a> long-term as well as short-term lines are running very close to each other and are not able to suggest any direction. <\/p>\n

\"cor\"<\/a> <\/p>\n

INFY\u2019s average correlation<\/a> of 0.52 with the Nifty<\/a> is positive and strong. The stock will replicate the movements of Nifty because of the co-efficient. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

\"vol\"<\/a> <\/p>\n

INFY has a historical volatility<\/a> in the range of 0.2 to 0.7. The scrip\u2019s volatility is currently towards the lower side of the range. <\/p>\n

\"analyst\"<\/a> <\/p>\n

  <\/p>\n

Analysts have quite a high expectation regarding the stock. A drift in the earnings compared to the analysts expectation might pull the stock down. The stock saw stock selling by an insider worth Rs. 1 Cr. a couple of weeks ago. <\/p>\n

Looking at these technicals we suggest that investors keep off this scrip for the short-term<\/b>. A break-out of the pennant in either direction will trigger a longer-term call. <\/p>\n

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