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a project on techinical analysis of infosis technologies
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AIT-School Of Management Greater Noida - 1 -
SUMMER INTERNSHIP
PROGRAMME
INTERIM REPORT ON
TECHNICAL ANALYSIS OF INFOSYS
TECHNOLOGY
By
Bipul Kumar
(MBF0818)
GULF BULLS SECURITIES PVT LTD
Submitted to
AIT-SCHOOL OF MANAGEMENT GREATER NOIDA
Date of Submission August 25 2009
AIT-School Of Management Greater Noida - 2 -
AIT-School Of Management Greater Noida - 3 -
AIT-School Of Management Greater Noida - 4 -
AUTHORISATION
This report ldquoTechnical Analysis of Infosys Technology Limitedrdquo
done during my Summer Internship Program (SIP) is submitted as
a partial fulfillment of the requirement of PGDM program of AIT-
School of Management Greater Noida
25th
August 2009
Bipul Kumar
AIT-School Of Management Greater Noida - 5 -
AIT-School Of Management Greater Noida - 6 -
ACKNOWLEDGEMENTS I would like to express my sincere gratitude to my trainer Ms Himani Grover
Relation Ship Manager ndashGulf Bulls Securities Pvt Ltd Faridabad for guiding me throughout my summer internship and research project Her encouragement time and effort are greatly appreciated I would then like to thank my faculty guide Prof JS Sukla for all his valuable inputs and constant support towards me throughout my project and providing me an opportunity to learn outside the class room It was a truly wonderful learning experience I would like to thank the corporate guide MrDinesh Kumar Equity Manager for helping me with the training and other activities and constantly motivating me to give my best I would like to dedicate this project to my parents amp Brother Amit Kumar Without their help and constant support this project would not have been possible I would like to thank all my friends who did their SIP from GBS for their valuable suggestions and support
AIT-School Of Management Greater Noida - 7 -
Abstract Stock market operations are often compared to operation in gambling
dens and winning strategies are all supposed to be backed by Lady
Luck Investors are most often guided by the sentiments of faith and
phobia There are plenty of soothsayersfinancial wizard offering advice
and strategies to investors However to play safe and manage their
funds optimally they need organised information logical reasoning
backed by scientific methods and techniques This project is a humble
attempt at presenting this information
This project aims to studies supply and demand in a market for stock of
Infosys technology Ltd in an attempt to determine what direction or
trend will continue in the future In other words with the help of
several indicators it analyzes the relationship between price ndash volume
and supply ndash demand for the stock of Infosys technology ltd
This project will be useful to both speculators and investors being a
value addition to their knowledge
The first part of paper gives the brief idea about ldquoInfosys Technology
Limitedrdquo
The second part of the paper deals with the tools of technical analysis
which has been applied to analysis the relation between share price and
volume
At the end of this paper by applying the tools it aims to predict the
future price movement of Infosys technology Ltd As well as it also
explain the News and their impact on Stock price
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 2 -
AIT-School Of Management Greater Noida - 3 -
AIT-School Of Management Greater Noida - 4 -
AUTHORISATION
This report ldquoTechnical Analysis of Infosys Technology Limitedrdquo
done during my Summer Internship Program (SIP) is submitted as
a partial fulfillment of the requirement of PGDM program of AIT-
School of Management Greater Noida
25th
August 2009
Bipul Kumar
AIT-School Of Management Greater Noida - 5 -
AIT-School Of Management Greater Noida - 6 -
ACKNOWLEDGEMENTS I would like to express my sincere gratitude to my trainer Ms Himani Grover
Relation Ship Manager ndashGulf Bulls Securities Pvt Ltd Faridabad for guiding me throughout my summer internship and research project Her encouragement time and effort are greatly appreciated I would then like to thank my faculty guide Prof JS Sukla for all his valuable inputs and constant support towards me throughout my project and providing me an opportunity to learn outside the class room It was a truly wonderful learning experience I would like to thank the corporate guide MrDinesh Kumar Equity Manager for helping me with the training and other activities and constantly motivating me to give my best I would like to dedicate this project to my parents amp Brother Amit Kumar Without their help and constant support this project would not have been possible I would like to thank all my friends who did their SIP from GBS for their valuable suggestions and support
AIT-School Of Management Greater Noida - 7 -
Abstract Stock market operations are often compared to operation in gambling
dens and winning strategies are all supposed to be backed by Lady
Luck Investors are most often guided by the sentiments of faith and
phobia There are plenty of soothsayersfinancial wizard offering advice
and strategies to investors However to play safe and manage their
funds optimally they need organised information logical reasoning
backed by scientific methods and techniques This project is a humble
attempt at presenting this information
This project aims to studies supply and demand in a market for stock of
Infosys technology Ltd in an attempt to determine what direction or
trend will continue in the future In other words with the help of
several indicators it analyzes the relationship between price ndash volume
and supply ndash demand for the stock of Infosys technology ltd
This project will be useful to both speculators and investors being a
value addition to their knowledge
The first part of paper gives the brief idea about ldquoInfosys Technology
Limitedrdquo
The second part of the paper deals with the tools of technical analysis
which has been applied to analysis the relation between share price and
volume
At the end of this paper by applying the tools it aims to predict the
future price movement of Infosys technology Ltd As well as it also
explain the News and their impact on Stock price
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 3 -
AIT-School Of Management Greater Noida - 4 -
AUTHORISATION
This report ldquoTechnical Analysis of Infosys Technology Limitedrdquo
done during my Summer Internship Program (SIP) is submitted as
a partial fulfillment of the requirement of PGDM program of AIT-
School of Management Greater Noida
25th
August 2009
Bipul Kumar
AIT-School Of Management Greater Noida - 5 -
AIT-School Of Management Greater Noida - 6 -
ACKNOWLEDGEMENTS I would like to express my sincere gratitude to my trainer Ms Himani Grover
Relation Ship Manager ndashGulf Bulls Securities Pvt Ltd Faridabad for guiding me throughout my summer internship and research project Her encouragement time and effort are greatly appreciated I would then like to thank my faculty guide Prof JS Sukla for all his valuable inputs and constant support towards me throughout my project and providing me an opportunity to learn outside the class room It was a truly wonderful learning experience I would like to thank the corporate guide MrDinesh Kumar Equity Manager for helping me with the training and other activities and constantly motivating me to give my best I would like to dedicate this project to my parents amp Brother Amit Kumar Without their help and constant support this project would not have been possible I would like to thank all my friends who did their SIP from GBS for their valuable suggestions and support
AIT-School Of Management Greater Noida - 7 -
Abstract Stock market operations are often compared to operation in gambling
dens and winning strategies are all supposed to be backed by Lady
Luck Investors are most often guided by the sentiments of faith and
phobia There are plenty of soothsayersfinancial wizard offering advice
and strategies to investors However to play safe and manage their
funds optimally they need organised information logical reasoning
backed by scientific methods and techniques This project is a humble
attempt at presenting this information
This project aims to studies supply and demand in a market for stock of
Infosys technology Ltd in an attempt to determine what direction or
trend will continue in the future In other words with the help of
several indicators it analyzes the relationship between price ndash volume
and supply ndash demand for the stock of Infosys technology ltd
This project will be useful to both speculators and investors being a
value addition to their knowledge
The first part of paper gives the brief idea about ldquoInfosys Technology
Limitedrdquo
The second part of the paper deals with the tools of technical analysis
which has been applied to analysis the relation between share price and
volume
At the end of this paper by applying the tools it aims to predict the
future price movement of Infosys technology Ltd As well as it also
explain the News and their impact on Stock price
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 4 -
AUTHORISATION
This report ldquoTechnical Analysis of Infosys Technology Limitedrdquo
done during my Summer Internship Program (SIP) is submitted as
a partial fulfillment of the requirement of PGDM program of AIT-
School of Management Greater Noida
25th
August 2009
Bipul Kumar
AIT-School Of Management Greater Noida - 5 -
AIT-School Of Management Greater Noida - 6 -
ACKNOWLEDGEMENTS I would like to express my sincere gratitude to my trainer Ms Himani Grover
Relation Ship Manager ndashGulf Bulls Securities Pvt Ltd Faridabad for guiding me throughout my summer internship and research project Her encouragement time and effort are greatly appreciated I would then like to thank my faculty guide Prof JS Sukla for all his valuable inputs and constant support towards me throughout my project and providing me an opportunity to learn outside the class room It was a truly wonderful learning experience I would like to thank the corporate guide MrDinesh Kumar Equity Manager for helping me with the training and other activities and constantly motivating me to give my best I would like to dedicate this project to my parents amp Brother Amit Kumar Without their help and constant support this project would not have been possible I would like to thank all my friends who did their SIP from GBS for their valuable suggestions and support
AIT-School Of Management Greater Noida - 7 -
Abstract Stock market operations are often compared to operation in gambling
dens and winning strategies are all supposed to be backed by Lady
Luck Investors are most often guided by the sentiments of faith and
phobia There are plenty of soothsayersfinancial wizard offering advice
and strategies to investors However to play safe and manage their
funds optimally they need organised information logical reasoning
backed by scientific methods and techniques This project is a humble
attempt at presenting this information
This project aims to studies supply and demand in a market for stock of
Infosys technology Ltd in an attempt to determine what direction or
trend will continue in the future In other words with the help of
several indicators it analyzes the relationship between price ndash volume
and supply ndash demand for the stock of Infosys technology ltd
This project will be useful to both speculators and investors being a
value addition to their knowledge
The first part of paper gives the brief idea about ldquoInfosys Technology
Limitedrdquo
The second part of the paper deals with the tools of technical analysis
which has been applied to analysis the relation between share price and
volume
At the end of this paper by applying the tools it aims to predict the
future price movement of Infosys technology Ltd As well as it also
explain the News and their impact on Stock price
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 5 -
AIT-School Of Management Greater Noida - 6 -
ACKNOWLEDGEMENTS I would like to express my sincere gratitude to my trainer Ms Himani Grover
Relation Ship Manager ndashGulf Bulls Securities Pvt Ltd Faridabad for guiding me throughout my summer internship and research project Her encouragement time and effort are greatly appreciated I would then like to thank my faculty guide Prof JS Sukla for all his valuable inputs and constant support towards me throughout my project and providing me an opportunity to learn outside the class room It was a truly wonderful learning experience I would like to thank the corporate guide MrDinesh Kumar Equity Manager for helping me with the training and other activities and constantly motivating me to give my best I would like to dedicate this project to my parents amp Brother Amit Kumar Without their help and constant support this project would not have been possible I would like to thank all my friends who did their SIP from GBS for their valuable suggestions and support
AIT-School Of Management Greater Noida - 7 -
Abstract Stock market operations are often compared to operation in gambling
dens and winning strategies are all supposed to be backed by Lady
Luck Investors are most often guided by the sentiments of faith and
phobia There are plenty of soothsayersfinancial wizard offering advice
and strategies to investors However to play safe and manage their
funds optimally they need organised information logical reasoning
backed by scientific methods and techniques This project is a humble
attempt at presenting this information
This project aims to studies supply and demand in a market for stock of
Infosys technology Ltd in an attempt to determine what direction or
trend will continue in the future In other words with the help of
several indicators it analyzes the relationship between price ndash volume
and supply ndash demand for the stock of Infosys technology ltd
This project will be useful to both speculators and investors being a
value addition to their knowledge
The first part of paper gives the brief idea about ldquoInfosys Technology
Limitedrdquo
The second part of the paper deals with the tools of technical analysis
which has been applied to analysis the relation between share price and
volume
At the end of this paper by applying the tools it aims to predict the
future price movement of Infosys technology Ltd As well as it also
explain the News and their impact on Stock price
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 6 -
ACKNOWLEDGEMENTS I would like to express my sincere gratitude to my trainer Ms Himani Grover
Relation Ship Manager ndashGulf Bulls Securities Pvt Ltd Faridabad for guiding me throughout my summer internship and research project Her encouragement time and effort are greatly appreciated I would then like to thank my faculty guide Prof JS Sukla for all his valuable inputs and constant support towards me throughout my project and providing me an opportunity to learn outside the class room It was a truly wonderful learning experience I would like to thank the corporate guide MrDinesh Kumar Equity Manager for helping me with the training and other activities and constantly motivating me to give my best I would like to dedicate this project to my parents amp Brother Amit Kumar Without their help and constant support this project would not have been possible I would like to thank all my friends who did their SIP from GBS for their valuable suggestions and support
AIT-School Of Management Greater Noida - 7 -
Abstract Stock market operations are often compared to operation in gambling
dens and winning strategies are all supposed to be backed by Lady
Luck Investors are most often guided by the sentiments of faith and
phobia There are plenty of soothsayersfinancial wizard offering advice
and strategies to investors However to play safe and manage their
funds optimally they need organised information logical reasoning
backed by scientific methods and techniques This project is a humble
attempt at presenting this information
This project aims to studies supply and demand in a market for stock of
Infosys technology Ltd in an attempt to determine what direction or
trend will continue in the future In other words with the help of
several indicators it analyzes the relationship between price ndash volume
and supply ndash demand for the stock of Infosys technology ltd
This project will be useful to both speculators and investors being a
value addition to their knowledge
The first part of paper gives the brief idea about ldquoInfosys Technology
Limitedrdquo
The second part of the paper deals with the tools of technical analysis
which has been applied to analysis the relation between share price and
volume
At the end of this paper by applying the tools it aims to predict the
future price movement of Infosys technology Ltd As well as it also
explain the News and their impact on Stock price
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 7 -
Abstract Stock market operations are often compared to operation in gambling
dens and winning strategies are all supposed to be backed by Lady
Luck Investors are most often guided by the sentiments of faith and
phobia There are plenty of soothsayersfinancial wizard offering advice
and strategies to investors However to play safe and manage their
funds optimally they need organised information logical reasoning
backed by scientific methods and techniques This project is a humble
attempt at presenting this information
This project aims to studies supply and demand in a market for stock of
Infosys technology Ltd in an attempt to determine what direction or
trend will continue in the future In other words with the help of
several indicators it analyzes the relationship between price ndash volume
and supply ndash demand for the stock of Infosys technology ltd
This project will be useful to both speculators and investors being a
value addition to their knowledge
The first part of paper gives the brief idea about ldquoInfosys Technology
Limitedrdquo
The second part of the paper deals with the tools of technical analysis
which has been applied to analysis the relation between share price and
volume
At the end of this paper by applying the tools it aims to predict the
future price movement of Infosys technology Ltd As well as it also
explain the News and their impact on Stock price
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 8 -
Content
Abstract 7
1 Introduction 8
a What is Technical Analysis 8
b Technical Analysis The Basic Assumption 10
c Purpose 11
d Objective 11
e Limitation 11
2 Company Information 12-16
a Management-Infosys 17
3 Technical Analysis (Share Data )
a Listing Details ndash Infosys Technology 18
b Capital Structure 19
c Share Holding Pattern 20
d AGMEGM Details 21
e Dividend Declare 23
f Bonus History 24
g Split History 24
h Competition 25
4 Historical Price 26
5 Analysis
a Monthly Report (chart showing price movement) 30
b Difference Between opening and closing price 31
c Opening VS Closing 34
d Opening VS High 36
e Opening VS Low 37
f Sensex VS Infosys 38
g Price Volume Action 40
6 Tools Used For Technical Analysis and Interpretation 41
a Bollinger Band 41
b Moving Average 43
c MACD 45
d Momentum 47
e Moving average crossover 48
f Infosys From 2000 to March 2009 50
7 News Analysis 51
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 9 -
8 Block Deals 64
9 Option Price 64
10 Finding And Recommendation 65
11 Bibliography 66
List of Tables
Sl No Particular Page No
Table 1 Management Infosys 17
Table 2 Listing Detail 18
Table 3 Capital Structure 19
Table 4 Share Holding Pattern 20
Table 5 AGMEGM Detail 21
Table 5 Dividend Details 23
Table 6 Bonus History 24
Table 7 Split History 24
Table 8 Competition 25
Table 9 Historical Price 26
Table 10 News Analysis 51
Table 11 Block Deals 64
Table 11 Option Price 64
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 10 -
Introduction The methods used to analyze securities and make investment decisions
fall into two very broad categories fundamental analysis and technical
analysis Fundamental analysis involves analyzing the characteristics of
a company in order to estimate its value Technical analysis takes a
completely different approach it doesnt care one bit about the value
of a company or a commodity
Despite all the fancy and exotic tools it employs technical analysis
really just studies supply and demand in a market in an attempt to
determine what direction or trend will continue in the future In other
words technical analysis attempts to understand the emotions in the
market by studying the market itself as opposed to its components
What Is Technical Analysis
Technical analysis is a method of evaluating securities by analyzing the
statistics generated by market activity such as past prices and volume
Technical analysts do not attempt to measure a securitys intrinsic value
but instead use charts and other tools to identify patterns that can
suggest future activity
Just as there are many investment styles on the fundamental side there
are also many different types of technical traders Some rely on chart
patterns others use technical indicators and oscillators and most use
some combination of the two In any case technical analysts exclusive
use of historical price and volume data is what separates them from their
fundamental counterparts Unlike fundamental analysts technical
analysts dont care whether a stock is undervalued - the only thing that
matters is a securitys past trading data and what information this data
can provide about where the security might move in the future
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 11 -
Technical Analysis The Basic Assumptions
The field of technical analysis is based on three assumptions
1 The market discounts everything
2 Price moves in trends
3 History tends to repeat itself
1 The market discount everything
A major criticism of technical analysis is that it only considers price
movement ignoring the fundamental factors of the company However
technical analysis assumes that at any given time a stocks price
reflects everything that has or could affect the company - including
fundamental factors Technical analysts believe that the companys
fundamentals along with broader economic factors and market
psychology are all priced into the stock removing the need to actually
consider these factors separately This only leaves the analysis of price
movement which technical theory views as a product of the supply and
demand for a particular stock in the market
2 Price moves in trends
In technical analysis price movements are believed to follow trends
This means that after a trend has been established the future price
movement is more likely to be in the same direction as the trend than to
be against it Most technical trading strategies are based on this
assumption
3 History tends to repeat itself
Another important idea in technical analysis is that history tends to
repeat itself mainly in terms of price movement The repetitive nature
of price movements is attributed to market psychology in other words
market participants tend to provide a consistent reaction to similar
market stimuli over time Technical analysis uses chart patterns to
analyze market movements and understand trends Although many of
these charts have been used for more than 100 years they are still
believed to be relevant because they illustrate patterns in price
movements that often repeat themselves
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 12 -
PURPOSE The project is being done as a part of summer internship program of
AIT-School of Management The completion of the project is a partial
fulfillment requirement for being awarded the Post Graduate Diploma in
Management degree from the AICTE
Scope of the Study
This study aims to make a technical analysis of Infosys technology ltd
The technical analysis is based on the historical data collected from the
various web sites this study also aims to discus in brief some common
day trading strategies
Objective of the Study
a To compare the movement of stock price of Infosys technology
with selected indices
b To identify the cause of movement
c To identify the moment of buying and selling
d To analyze the impact of news on price of Infosys technology
e To suggest when to buy and when to sell
Limitation of the Study
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 13 -
Company information
Infosys Technologies Limited
Type Public BSE 500209
NASDAQ INFY
Founded July 2 1981
Headquarters Bangalore India Electronics City Hosur Road
Key people N R Narayana Murthy (Chairman and Chief Mentor)
Nandan Nilekani (Co-Chairman)
Kris Gopalakrishnan (Chief Executive Officer and Managing Director)
S D Shibulal (Chief Operating Officer and Director)
Industry Software services
Products Finacle (a universal banking product)
Services Information technology consulting services and solutions
Revenue Rs 21693 crore ($466 billion) (FY 2008-09)[1]
Net income Rs 5988 crore ($128 billion) (FY 2008-09)[1]
Employees 104850 [2]
Subsidiaries Infosys BPO
Infosys Consulting
Infosys Australia
Infosys China
Infosys Mexico
Infosys Sweden
Website wwwinfosyscom
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 14 -
Introduction
Infosys Technologies Limited (BSE 500209 NASDAQ INFY) is a
multinational information technology services company headquartered
in Bangalore India It is one of Indias largest IT companies with
104850 professionals (including subsidiaries) as of Mar 31 2009It has
offices in 22 countries and development centers in India China
Australia UK Canada and Japan
History
Infosys was founded on July 2 1981 in Pune by N R Narayana Murthy
and six others Nandan Nilekani N S Raghavan Kris Gopalakrishnan
S D Shibulal K Dinesh and Ashok Arora with Raghavan officially
being the first employee of the company Murthy started the company
by borrowing INR 10000 from his wife Sudha Murthy The company
was incorporated as Infosys Consultants Pvt Ltd with Raghavans
house in Model Colony north-central Pune as the registered office
In 1982 Infosys opened an office in Bangalore which soon became its
headquarters
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 15 -
Infosys went public in 1993 Interestingly Infosys IPO was
undersubscribed but it was bailed out by US investment banker
Morgan Stanley which picked up 13 of equity at the offer price of Rs
95 per share The share price surged to Rs 8100 by 1999 making it the
costliest share on the market at the time At that time Infosys was
among the 20 biggest companies by market capitalization on the Nasdaq
well ahead of Adobe Systems Novell and Lycos
According to Forbes magazine since listing on the Bombay Stock
Exchange till the year 2000 Infosys sales and earnings compounded at
more than 70 a year In the year 2000 President of the United States
Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys
In 2001 it was rated Best Employer in India by Business Today Infosys
won the Global MAKE (Most Admired Knowledge Enterprises) award
for the years 2003 2004 and 2005 being the only Indian company to
win this award and is inducted into the Global Hall of Fame for the
same
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 16 -
Infosys was rated best employer to work for in 2000 2001 and 2002 by
Hewitt Associates In 2007 Infosys received over 13 million
applications and hired less than 3 of applicants
BusinessWeek reported that Infosys along with Wipro and Tata
accounted for nearly 80 of the [H-1B] visa petitions approved in 2007
for the top 10 participants in the program
In April 2009 Forbes rated Infosys among the 5 best performing
companies in the software and services sector in the world
In 2009 Infosys was considered one of the BusinessWeeks 50 Most
Innovative Companies
From December 2008 till April 2009 Infosys has fired over 2500
employees on account of bad performance The company has been hit
hard by lower revenue from a crisis hit European and North American
market On Aril 15 2009 Infosys reported its first ever sequential fall in
its revenue in a decade during the March 2009 quarter
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 17 -
Infosys serves various industries through its Industrial Business Units
(IBU) such as
Banking amp Capital Markets (BCM)
Communications Media and Entertainment (CME)
Energy Utilities and Services (EUS)
Insurance Healthcare and Life Sciences (IHL)
Manufacturing (MFG)
Retail Consumer Product Goods and Logistics (RETL)
New Markets and Services (NMS) Non US and Non European
markets SaaS Learning Services
India Business Unit (IND)
In addition to these there are Horizontal Business Units (HBUs)
Consulting (CS)
Enterprise Solutions (ES) ERP CRM HCM SCM BIDW
BPM-EAI
Infrastructure Management Services (IMS)
Product Engineering and Validation Services (PEVS)
Systems Integration (SI)
Finacle Core Banking Product
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 18 -
Management - Infosys
Name Designation
N R Narayana Murthy Chairman amp Chief Mentor
S Gopalakrishnan Managing Director amp CEO
Deepak M Satwalekar Independent Director
Omkar Goswami Independent Director
Claude Smadja Independent Director
David L Boyles Independent Director
K Dinesh Director
Srinath Batni Director
Name Designation
Nandan M Nilekani Co-Chairman
S D Shibulal Director amp COO
Marti G Subrahmanyam Independent Director
Rama Bijapurkar Independent Director
Sridar A Iyengar Independent Director
Jeffrey S Lehman Independent Director
T V Mohandas Pai Director
Kundapur Vaman Kamath Additional Director
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 19 -
Listing Details - Infosys Technologies
Key Dates
Year Ending Month Mar
AGM Date (Month) Jun
Book Closure Date (Month) Jun
Listing Information
Face Value Of Equity Shares 5
Market Lot Of Equity Shares 1
BSE Code 500209
NSE Code INFOSYSTCH
BSE Group A
Whether The Company Forms A Part Of The Following Indices -
Sensex Yes
Nifty Yes
BSE-100 Yes
BSE-200 Yes
SampP CNX 500 Yes
CNX Midcap No
CNX FMCG No
Listing On
Listed On The Stock Exchange Mumbai
National Stock Exchange of India Ltd
NASDAQ Stock Exchange
Source Religare Technova
Table 1
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 20 -
Infosys Technologies
Capital Structure
Period Instrument --- CAPITAL (Rs cr) --- - P A I D U P -
From To Authorised Issued Shares (nos) Face Value Capital
2008 2009 Equity Share 21475 21475 572830043 5 21475
2007 2008 Equity Share 21475 21475 571995758 5 21475
2006 2007 Equity Share 21475 21475 571209862 5 21475
2005 2006 Equity Share 150 13778 275554980 5 13778
2004 2005 Equity Share 150 13529 270570549 5 13529
2003 2004 Equity Share 50 3332 66641056 5 3332
2002 2003 Equity Share 50 3312 66243078 5 3312
2001 2002 Equity Share 50 3309 66186130 5 3309
2000 2001 Equity Share 50 3308 66158117 5 3308
1999 2000 Equity Share 50 3308 66150700 5 3308
1998 1999 Equity Share 50 3307 33069400 10 3307
1997 1998 Equity Share 30 1602 16017200 10 1602
1996 1997 Equity Share 10 726 7259600 10 726
1995 1996 Equity Share 10 726 7258600 10 726
1994 1995 Equity Share 10 726 7258600 10 726
1993 1994 Equity Share 4 335 3352100 10 335
1992 1993 Equity Share 4 198 1976100 10 198
Table 2
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 21 -
Share Holding Pattern
categories (Promoter amp Non Promters)
Shareholding as on 30062009 31032009 31122008
Face Value 500 500 500
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
No Of
Shares
Holdin
g
PROMOTERS HOLDING
Indian Promoters 94484978 1649 94484978 1649 94484978 1650
Sub Total 94484978 1649 94484978 1649 94484978 1650
NON PROMOTERS HOLDING
Institutional Investors
Mutual Funds and
UTI
23826059 416 20519719 358 22620828 395
Banks Fin Inst and
Insurance
23671621 413 23801421 416 26785309 468
FIIs 20433781
3
3566 19966412
4
3486 18893652
3
3299
Sub Total 25183549
3
4395 24398526
4
4259 23834266
0
4162
Other Investors
Private Corporate
Bodies
22579774 394 20085568 351 21334356 373
NRIsOCBsForeig
n Others
4956706 086 5105579 089 5204554 091
Others 10757902
1
1877 11243318
7
1963 11227405
4
1961
Sub Total 13511550
1
2358 13762433
4
2403 13881296
4
2424
General Public 91623205 1599 96735467 1689 10100090
1
1764
Grand Total 57305917
7
10000 57283004
3
10000 57264150
3
10000
Table 3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 22 -
AGMEGM DETAIL Announcement
Date
Purpose Date Book Closure Remarks
From To
15-04-2009 AGM 20-06-
2009
06-06-
2009
20-06-
2009
270 Dividend
15-04-2008 AGM 14-06-
2008
31-05-
2008
14-06-
2008
545 Dividend
(Final Dividend
145 + Special
Dividend 400)
13-04-2007 AGM 22-06-
2007
08-06-
2007
22-06-
2007
130 Final
Dividend
11-10-2006 EGM 07-11-
2006
- - To seek approval
for the Secondary
American
Depositary Share
Offering and
expects the Offering
to be completed
thereafter
14-04-2006 AGM 10-06-
2006
27-05-
2006
10-06-
2006
770 Dividend (Rs
30- for Silver
Jublee Special
Dividend and Rs
850- for Final
Dividend)
14-04-2005 AGM 11-06-
2005
03-06-
2005
11-06-
2005
Final dividend of
Rs 650 per share
(130 on an equity
share par value Rs
5-)
22-11-2004 EGM 18-12-
2004
- - To sponsor the issue
of American
Depository Shares
13-04-2004 AGM 12-06-
2004
28-05-
2004
01-06-
2004
Final dividend of
Rs 15- per share
(300 on an equity
share par value Rs
5-) amp Special one-
time dividend of Rs
100- per share
(2000 on an
equity share par
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 23 -
value of Rs 5-)
(Revised)
10-04-2003 AGM 14-06-
2003
30-05-
2003
14-06-
2003
AGM amp Dividend
290
28-01-2003 EGM 22-02-
2003
- - To consider and
approve the
resolutions in
connection with the
Companys
sponsored American
Depository Shares
Offering
10-04-2002 AGM 08-06-
2002
24-05-
2002
08-06-
2002
Final Dividend
250
11-04-2001 AGM 02-06-
2001
16-05-
2001
02-06-
2001
-
10-04-2000 AGM 27-05-
2000
16-05-
2000
27-05-
2000
-
20-04-1999 AGM - 04-06-
1999
12-06-
1999
AGM amp Dividend
10-04-1998 AGM - 19-05-
1998
30-05-
1998
-
16-10-1997 AGM - - - -
16-04-1997 AGM - 28-05-
1997
07-06-
1997
Revised from
23597
Source Religare Technova
Table 4
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 24 -
Dividends Declared
Announcement Date
Effective Date
Dividend Type
Dividend ()
Remarks
15-04-09 04-06-09 Final 27000 -
25-09-08 16-10-08 Interim 20000 -
15-04-08 29-05-08 Final 54500 (Final Dividend 145 + Special Dividend 400)
26-09-07 18-10-07 Interim 12000 -
13-04-07 06-06-07 Final 13000 AGM
28-09-06 19-10-06 Interim 10000 -
14-04-06 25-05-06 Final 77000 Silver Jubilee special dividend of Rs 30 per share (600 on par value of Rs 5 per share) amp final dividend of Rs 850- per share (170 on an equity share par value Rs 5-)
23-09-05 17-10-05 Interim 13000 -
14-04-05 01-06-05 Final 13000 Final dividend of Rs 650 per share (130 on an equity share par value Rs 5-)
01-10-04 18-10-04 Interim 10000 (100 on a par value of Rs5- per share)
13-04-04 26-05-04 Final 230000 Final dividend of Rs 15- per share (300 on an equity share par value Rs 5-) amp Special one-time dividend of Rs 100- per share (2000 on an equity share par value of Rs 5-) (Revised)
Table 5 Source Religare Technova
Bonus History Announcement Date
Bonus Ratio
Record Date
Ex-Bonus Date
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 25 -
14-04-2006 101 14-07-2006
13-07-2006
13-04-2004 301 272004 172004
25-01-1999 101 531999 821999
18-06-1997 101 1291997 19-08-1997
30-06-1994 101 15-09-1994
19-08-1994
Source Religare Technova
Table 6
Splits History
Announcement
Date
Old
FV
New
FV Ex-Split Date
30-11-1999 10 5 24-01-2000
Source Religare Technova
Table 7
Competition
Last Price
Market Cap Sales Net Profit Total Assets
(Rs cr) Turnover
Infosys 219065 12553721 2026400 581900 1780900
TCS 5408 10584651 2240400 469621 1348662
Wipro 5649 8279501 2098730 297380 1752890
HCL Tech 30645 2054001 467509 99731 346591
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 26 -
Oracle Financ
175245 1468017 221262 69571 281265
Mahindra Satyam
1139 1338896 813728 171574 738131
Mphasis 56175 1173729 145155 26451 117390
Tech Mahindra
916 1116306 435776 98665 188090
Financial 154725 709935 33432 3686 186883
Tech
Patni Computer
4232 542148 155045 38915 252294
Table 8
Historical Price
Date Open high low Close Volume
28-Aug-09 218500 219900 214250 218765 135164
27-Aug-09 218000 220270 212120 218975 196202
26-Aug-09 210500 218800 209800 218135 254324
25-Aug-09 206800 210400 204100 209610 151542
24-Aug-09 204100 208240 204100 207615 115593
21-Aug-09 199305 203615 197200 202850 232789
20-Aug-09 197040 199500 195505 199280 219033
19-Aug-09 198500 198800 193600 195070 150657
18-Aug-09 197495 199900 195700 197140 145082
17-Aug-09 201500 201870 197125 198305 105485
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 27 -
14-Aug-09 206000 206400 202605 203985 63697
12-Aug-09 208000 208000 200000 204275 70493
11-Aug-09 208500 210900 205500 208165 123870
10-Aug-09 205200 211300 205005 208680 225757
7-Aug-09 202500 205600 201500 204190 79732
6-Aug-09 209800 210000 204000 205460 105279
5-Aug-09 205055 210500 205055 209455 163504
4-Aug-09 208025 210000 202200 204365 108625
31-Jul-09 203100 207695 202110 206390 301664
30-Jul-09 198090 201870 198090 201040 274570
29-Jul-09 198090 199770 195000 198375 106921
28-Jul-09 204300 204300 196825 199475 128343
27-Jul-09 200500 204390 199630 202530 143672
24-Jul-09 198500 201100 198235 200335 213339
23-Jul-09 194700 197600 193500 195985 968738
22-Jul-09 197200 197200 189500 191920 201311
21-Jul-09 202500 202500 192505 194310 121109
20-Jul-09 188000 199400 187010 197270 568944
17-Jul-09 181700 187300 180100 186700 241070
16-Jul-09 180000 182000 177080 179510 215929
15-Jul-09 181900 181900 175920 179095 196349
14-Jul-09 178000 181440 175110 180635 210388
13-Jul-09 172000 177445 171000 176795 205279
10-Jul-09 163500 176700 163500 172650 596974
9-Jul-09 170800 171200 167000 167675 201347
8-Jul-09 172500 173300 168800 170570 225767
7-Jul-09 177000 177500 172600 173920 144282
3-Jul-09 178000 181000 175000 180090 111967
2-Jul-09 178500 180000 176500 179590 76312
1-Jul-09 177680 181290 177105 179670 99230
30-Jun-09 178505 179900 176000 177690 115372
29-Jun-09 182020 183000 177255 178375 136266
26-Jun-09 177000 183870 175235 182675 216841
25-Jun-09 178000 179770 174605 175775 97423
24-Jun-09 175110 177390 172220 175915 109492
23-Jun-09 169900 177000 169900 174605 178176
22-Jun-09 177500 179000 174915 176575 99748
19-Jun-09 172500 178500 172000 177110 147777
18-Jun-09 171000 176000 169400 172145 166085
17-Jun-09 174000 174470 167200 171050 159038
16-Jun-09 170200 173375 168535 172415 83072
15-Jun-09 172495 177500 169000 172035 143796
12-Jun-09 176600 177500 171700 172795 92751
11-Jun-09 185400 185400 172715 175155 146476
10-Jun-09 179000 183600 176205 180325 289306
9-Jun-09 172000 180000 172000 179555 226449
8-Jun-09 170000 174500 168100 173320 233892
5-Jun-09 164480 170500 163330 169055 217181
4-Jun-09 165000 165000 160200 162700 284876
3-Jun-09 169900 170500 162200 164590 185019
2-Jun-09 168500 170680 162500 168230 148771
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 28 -
1-Jun-09 160500 168500 160500 167685 232541
29-May-09 160000 161470 157980 160200 185002
28-May-09 159900 162500 156100 157580 190687
27-May-09 162870 162870 155505 158460 159795
26-May-09 151500 155800 150200 154320 215686
25-May-09 152000 153600 149100 150795 186223
22-May-09 149900 152500 148505 151940 230803
21-May-09 154000 155790 149500 150265 247417
20-May-09 154700 160800 151820 153410 406895
19-May-09 181000 183000 155500 156375 555449
18-May-09 175200 181000 169400 175020 5215
15-May-09 158000 160490 156500 159430 131931
14-May-09 153995 158690 153360 156615 86225
13-May-09 158800 159880 155800 157385 136811
12-May-09 150000 160500 150000 159795 258195
11-May-09 152900 153800 149535 151450 81390
8-May-09 154200 157190 150300 152140 184106
7-May-09 157500 158100 153245 155470 173188
6-May-09 156800 160680 154925 156815 235182
5-May-09 160200 163500 154260 158295 310055
4-May-09 151500 163500 149000 162925 347337
1-May-09 150730 150730 150730 150730 0
30-Apr-09 150730 150730 150730 150730 0
29-Apr-09 144000 151490 143310 150730 272711
28-Apr-09 141800 146885 141735 143155 180590
27-Apr-09 143000 145000 141710 143260 112687
24-Apr-09 144000 145490 140500 144860 194515
23-Apr-09 138000 146000 138000 144985 259815
22-Apr-09 137500 138500 135615 137935 156428
21-Apr-09 138000 139000 135400 136350 80789
20-Apr-09 139400 140970 137320 139225 175184
17-Apr-09 136500 142080 135300 139310 330293
16-Apr-09 138000 140000 132290 134130 515882
15-Apr-09 135150 138200 130005 137080 777437
14-Apr-09 140910 140910 140910 140910 0
13-Apr-09 142600 146400 137805 140910 195998
10-Apr-09 142645 142645 142645 142645 0
9-Apr-09 143300 144700 139800 142645 187237
8-Apr-09 138500 142890 135645 142180 171175
7-Apr-09 141445 141445 141445 141445 0
6-Apr-09 142500 145700 127500 141445 266905
3-Apr-09 142040 142040 142040 142040 0
2-Apr-09 137900 143370 137000 142040 255154
1-Apr-09 132600 138400 130300 137550 128175
31-Mar-09 130600 134000 130005 132410 128741
30-Mar-09 133500 133500 128800 129785 138585
27-Mar-09 139800 139800 133000 134675 279514
26-Mar-09 134100 139470 134100 138065 420164
25-Mar-09 132000 134940 131000 133960 234164
24-Mar-09 134500 135930 131020 132295 185492
23-Mar-09 130000 134005 130000 133070 152103
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 29 -
20-Mar-09 129900 130000 128100 129735 150381
19-Mar-09 128400 131100 128235 129585 255483
18-Mar-09 127800 130170 126700 127745 203116
17-Mar-09 128000 128900 125750 126555 156103
16-Mar-09 130510 130510 126900 128825 179013
13-Mar-09 124200 130000 124200 129635 314600
12-Mar-09 121500 125370 121500 122715 251868
9-Mar-09 121600 121945 119100 119675 192632
6-Mar-09 117000 123800 116800 121920 276167
5-Mar-09 121350 121350 117615 118280 96822
4-Mar-09 120150 121550 118110 119790 251167
3-Mar-09 121490 121490 119035 119760 152120
2-Mar-09 121130 122900 119000 121875 179824
27-Feb-09 123600 123970 120235 123130 118667
26-Feb-09 121600 124000 120055 123635 193553
25-Feb-09 119020 122400 119020 121625 229412
24-Feb-09 116000 119105 114640 118410 122876
20-Feb-09 120000 120400 116340 117845 176964
19-Feb-09 118500 121300 117200 120820 220078
18-Feb-09 117000 118950 116100 117875 419019
17-Feb-09 120100 121785 116880 117765 245812
16-Feb-09 125500 126060 121505 122155 257359
13-Feb-09 126100 127500 124620 125470 145250
12-Feb-09 127100 129990 125200 125835 218725
11-Feb-09 130000 130500 127665 130255 181019
10-Feb-09 131500 132495 129270 130735 277234
9-Feb-09 129500 131500 128900 130985 279800
6-Feb-09 126000 129400 124700 128720 198522
5-Feb-09 128200 129100 123810 126000 257596
4-Feb-09 128240 130725 127900 128295 118204
3-Feb-09 128400 130000 126200 128240 119795
2-Feb-09 129300 129800 126705 127880 414598
30-Jan-09 130000 131200 128500 130550 253496
29-Jan-09 130000 131870 128850 130965 439900
28-Jan-09 125200 129610 125200 128520 160022
27-Jan-09 121900 126000 121900 125180 283833
23-Jan-09 122955 123505 119125 120395 527790
22-Jan-09 122320 123890 120325 122955 210851
Table 9
Monthly Report
Price Behavior From March09 ndash Aug 2009
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 30 -
Figure 1 During May 2009
Figure 2
1st June ndash 30
th June +1749 (1092)
Figure 3
1st July ndash 31
st July 2009 +287 (1615)
Resistance
Support
Resistance
Support
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 31 -
Figure 4
August 4 2009 ndash August 28 2009 + 12375 (6)
Figure 5
Difference between opening and closing
sl no Date Open Close Original Chang in
price
chang in price
1 28-Aug-09 218500 218765 265 0121281
2 27-Aug-09 218000 218975 975 0447248
3 26-Aug-09 210500 218135 7635 3627078
4 25-Aug-09 206800 209610 281 1358801
5 24-Aug-09 204100 207615 3515 1722195
Resistance
Support
Support
Resistance
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 32 -
6 21-Aug-09 199305 202850 3545 1778681
7 20-Aug-09 197040 199280 224 1136825
8 19-Aug-09 198500 195070 -343 -172796
9 18-Aug-09 197495 197140 -355 -017975
10 17-Aug-09 201500 198305 -3195 -158561
11 14-Aug-09 206000 203985 -2015 -097816
12 12-Aug-09 208000 204275 -3725 -179087
13 11-Aug-09 208500 208165 -335 -016067
14 10-Aug-09 205200 208680 348 1695906
15 7-Aug-09 202500 204190 169 0834568
16 6-Aug-09 209800 205460 -434 -206864
17 5-Aug-09 205055 209455 44 2145766
18 4-Aug-09 208025 204365 -366 -17594
19 31-Jul-09 203100 206390 329 1619892
20 30-Jul-09 198090 201040 295 1489222
21 29-Jul-09 198090 198375 285 0143874
22 28-Jul-09 204300 199475 -4825 -236172
23 27-Jul-09 200500 202530 203 1012469
24 24-Jul-09 198500 200335 1835 0924433
25 23-Jul-09 194700 195985 1285 065999
26 22-Jul-09 197200 191920 -528 -267748
27 21-Jul-09 202500 194310 -819 -404444
28 20-Jul-09 188000 197270 927 4930851
29 17-Jul-09 181700 186700 50 2751789
30 16-Jul-09 180000 179510 -49 -027222
31 15-Jul-09 181900 179095 -2805 -154206
32 14-Jul-09 178000 180635 2635 1480337
33 13-Jul-09 172000 176795 4795 2787791
34 10-Jul-09 163500 172650 915 559633
35 9-Jul-09 170800 167675 -3125 -182963
36 8-Jul-09 172500 170570 -193 -111884
37 7-Jul-09 177000 173920 -308 -174011
38 3-Jul-09 178000 180090 209 1174157
39 2-Jul-09 178500 179590 109 0610644
40 1-Jul-09 177680 179670 199 1119991
41 30-Jun-09 178505 177690 -815 -045657
42 29-Jun-09 182020 178375 -3645 -200253
43 26-Jun-09 177000 182675 5675 3206215
44 25-Jun-09 178000 175775 -2225 -125
45 24-Jun-09 175110 175915 805 0459711
46 23-Jun-09 169900 174605 4705 2769276
47 22-Jun-09 177500 176575 -925 -052113
48 19-Jun-09 172500 177110 461 2672464
49 18-Jun-09 171000 172145 1145 0669591
50 17-Jun-09 174000 171050 -295 -16954
51 16-Jun-09 170200 172415 2215 130141
52 15-Jun-09 172495 172035 -46 -026667
53 12-Jun-09 176600 172795 -3805 -215459
54 11-Jun-09 185400 175155 -10245 -552589
55 10-Jun-09 179000 180325 1325 0740223
56 9-Jun-09 172000 179555 7555 4392442
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 33 -
57 8-Jun-09 170000 173320 332 1952941
58 5-Jun-09 164480 169055 4575 2781493
59 4-Jun-09 165000 162700 -23 -139394
60 3-Jun-09 169900 164590 -531 -312537
61 2-Jun-09 168500 168230 -27 -016024
62 1-Jun-09 160500 167685 7185 4476636
63 29-May-09 160000 160200 2 0125
64 28-May-09 159900 157580 -232 -145091
65 27-May-09 162870 158460 -441 -270768
66 26-May-09 151500 154320 282 1861386
67 25-May-09 152000 150795 -1205 -079276
68 22-May-09 149900 151940 204 1360907
69 21-May-09 154000 150265 -3735 -242532
70 20-May-09 154700 153410 -129 -083387
71 19-May-09 181000 156375 -24625 -13605
72 18-May-09 175200 175020 -18 -010274
73 15-May-09 158000 159430 143 0905063
74 14-May-09 153995 156615 262 1701354
75 13-May-09 158800 157385 -1415 -089106
76 12-May-09 150000 159795 9795 653
77 11-May-09 152900 151450 -145 -094833
78 8-May-09 154200 152140 -206 -133593
79 7-May-09 157500 155470 -203 -128889
80 6-May-09 156800 156815 015 0009566
81 5-May-09 160200 158295 -1905 -118914
82 4-May-09 151500 162925 11425 7541254
83 1-May-09 150730 150730 0 0
84 30-Apr-09 150730 150730 0 0
85 29-Apr-09 144000 150730 673 4673611
86 28-Apr-09 141800 143155 1355 0955571
87 27-Apr-09 143000 143260 26 0181818
88 24-Apr-09 144000 144860 86 0597222
89 23-Apr-09 138000 144985 6985 5061594
90 22-Apr-09 137500 137935 435 0316364
91 21-Apr-09 138000 136350 -165 -119565
92 20-Apr-09 139400 139225 -175 -012554
93 17-Apr-09 136500 139310 281 2058608
94 16-Apr-09 138000 134130 -387 -280435
95 15-Apr-09 135150 137080 193 1428043
96 14-Apr-09 140910 140910 0 0
97 13-Apr-09 142600 140910 -169 -118513
98 10-Apr-09 142645 142645 0 0
99 9-Apr-09 143300 142645 -655 -045708
100 8-Apr-09 138500 142180 368 265704
101 7-Apr-09 141445 141445 0 0
102 6-Apr-09 142500 141445 -1055 -074035
103 3-Apr-09 142040 142040 0 0
104 2-Apr-09 137900 142040 414 3002175
105 1-Apr-09 132600 137550 495 3733032
106 31-Mar-09 130600 132410 181 1385911
107 30-Mar-09 133500 129785 -3715 -278277
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 34 -
108 27-Mar-09 139800 134675 -5125 -366595
109 26-Mar-09 134100 138065 3965 2956749
110 25-Mar-09 132000 133960 196 1484848
111 24-Mar-09 134500 132295 -2205 -163941
112 23-Mar-09 130000 133070 307 2361538
113 20-Mar-09 129900 129735 -165 -012702
114 19-Mar-09 128400 129585 1185 0922897
115 18-Mar-09 127800 127745 -055 -004304
116 17-Mar-09 128000 126555 -1445 -112891
117 16-Mar-09 130510 128825 -1685 -129109
118 13-Mar-09 124200 129635 5435 4376006
119 12-Mar-09 121500 122715 1215 1
120 9-Mar-09 121600 119675 -1925 -158306
Total 48715
Average
Table 10
Opening VS Closing
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 35 -
Opening and Closing
000
50000
100000
150000
200000
250000
28-A
ug-0
9
25-A
ug-0
9
20-A
ug-0
9
17-A
ug-0
9
11-A
ug-0
9
6-Aug
-09
31-J
ul-0
9
28-J
ul-0
9
23-J
ul-0
9
20-J
ul-0
9
15-J
ul-0
9
10-J
ul-0
9
7-Ju
l-09
1-Ju
l-09
26-J
un-0
9
23-J
un-0
9
18-J
un-0
9
15-J
un-0
9
10-J
un-0
9
5-Ju
n-09
2-Ju
n-09
28-M
ay-0
9
25-M
ay-0
9
20-M
ay-0
9
15-M
ay-0
9
12-M
ay-0
9
7-M
ay-0
9
4-M
ay-0
9
Date
Pri
ce Open
Close
Volume
0
200000
400000
600000
800000
1000000
1200000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce
Volume
Figure 6
Interpretation
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 36 -
On an average the difference between opening and closing price is Rs5 However it moves
between 25-50 The highest difference has been +114 on 4 may 2009 -246 on 19 may 2009 -
102 on 11th
June 2009 Looking at volume and price charts it is clear that on 19th
of may volume
was high but change in price was negative it reveals that there was selling pressure in the
market
Open Vs High
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 37 -
Open Vs High
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce High
Open
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009612009
682009
6152009
6222009
6292009762009
7132009
7202009
7272009832009
8102009
8172009
8242009
Date
Price
Volume
Figure 7
On an average difference between opening and high is Rs 35 and the major change was 120on
4th
may 105 12th
may 132 10th
July and 120 on 20th
July If we closely look at the chart or
difference between high and low than it is clear from data or chart that it moves in the range of
20-25
Opening VS Low
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 38 -
Opening Vs low
000
50000
100000
150000
200000
250000
54
2009
511
200
9
518
200
9
525
200
9
61
2009
68
2009
615
200
9
622
200
9
629
200
9
76
2009
713
200
9
720
200
9
727
200
9
83
2009
810
200
9
817
200
9
824
200
9
Date
Pri
ce Open
low
Volume
0
200000
400000
600000
800000
1000000
1200000
542009
5112009
5182009
5252009
612009
682009
6152009
6222009
6292009
762009
7132009
7202009
7272009
832009
8102009
8172009
8242009
Date
Price
Volume
Figure 8
Interpretation
On an average the Infosys technology goes low Rs35 however the highest difference (opening-
Closing) was Rs 255 on 19 may 2009 126 on 11th
June 9995 on 21 July but it may go low in
the range of 10-30
Sensex Vs Infosys
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 39 -
Sensex
Infosys
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 40 -
Figure 9
Comparing Infosys chart with Sensex reveals another positive aspect of the stock If we
look at the Sensex chart it must notice that around July Sensex made lowest point while
Infosys did not breach even its June low which itself is higher than its May 2009 low That
shows that Infosys was doing relatively batter than the general market
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 41 -
Price ndash Volume Action
Good Price ndash Volume Action
Figure 10 Interpretation
Looking at the chart closely reveals that the stock more often than not rose on brisk trade
On down days stock eased on low volume Thats a good sign that indicates that big
institutional investors were not dumping the stock during the downturn The support from
big investors and institutions is a must if stock is to make big moves upward
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 42 -
Tools Used for Technical Analysis
Bollinger Bands
Overview Bollinger Bands are similar to moving average envelopes The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and below a moving average whereas Bollinger Bands are plotted
at standard deviation levels above and below a moving average Since standard deviation is a measure of volatility
the bands are self-adjusting widening during volatile markets and contracting during calmer periods
Bollinger Bands were created by John Bollinger
Purpose
The purpose of Bollinger Bands is to provide a relative definition of high and low By
definition prices are high at the upper band and low at the lower band This definition can
aid in rigorous pattern recognition and is useful in comparing price action to the action of
indicators to arrive at systematic trading decisions
Figure 11
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 43 -
Figure 12
Figure 13
Interpretation
When the bands lie close together a period of low volatility in stock price is indicated When
they are far apart a period of high volatility in price is indicated When the bands have only a
slight slope and lie approximately parallel for an extended time the price of a stock will be found
to oscillate up and down between the bands as though in a channel
Mr Bollinger notes the following characteristics of Bollinger Bands
Sharp price changes tend to occur after the bands tighten as volatility lessens
When prices move outside the bands a continuation of the current trend is implied
Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 44 -
A move that originates at one band tends to go all the way to the other band This observation is useful when projecting price targets
Looking closely at chart reveals that July ndash August has been high volatility period and the
same will be in September-October Because if we look at chart on September 2 2009 the
band tighten in the last hour it reveals that sharp change will be in next day
Moving Average
Overview A Moving Average is an indicator that shows the average value of a securitys price over a period of time When calculating a moving average a mathematical analysis of the securitys average value over a predetermined time period is made As the securitys price changes its average price moves up or down
Figure 14
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 45 -
Figure 15
Interpretation
The most popular method of interpreting a moving average is to compare the relationship between a
moving average of the securitys price with the securitys price itself A buy signal is generated when the
securitys price rises above its moving average and a sell signal is generated when the securitys price
falls below its moving average
In this case looking at charts it can be say that one can buy the stock because price rise above
its moving average in both the chart
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 46 -
MACD Overview The MACD (Moving Average ConvergenceDivergence) is a trend following momentum indicator that shows the relationship between two moving averages of prices The MACD was developed by Gerald Appel publisher of Systems and Forecasts The MACD is the difference between a 26-day and 12-day exponential moving average A 9-day exponential moving average called the signal (or trigger) line is plotted on top of the MACD to show buysell opportunities (Appel specifies exponential moving averages as percentages as explained on page 170 Thus he refers to these three moving averages as 75 15 and 20 respectively)
Figure 16
MACD
Signal line
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 47 -
Interpretation
The MACD proves most effective in wide-swinging trading markets There are three
popular ways to use the MACD crossovers overboughtoversold and divergences
Since both the chart depict that MACD rise above its signal line a buy signal
occurs Means still one can buy this share However it is likely that the security
price is overextending and will soon return to more realistic levels Looking
closely at 1st chart in MACD is making new low in July while prices fails to reach
new low means a bearish divergence occurs which can be seen in the next month
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 48 -
Momentum
Overview
The Momentum indicator measures the amount that a securitys price has changed over a given
time span
Figure 17 Interpretation
Looking at chart closely reveals that in may 2009 momentum indicator reach
extremely high value and then turns down the same condition is there during June
July and in August it reach extremely low values it depict that that a
continuation of the current trend will be in future
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 49 -
Moving average crossover (parameter 9 and 30)
Figure 18 (Parameter 20 50)
Figure 19
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 50 -
Interpretation
The most popular method of interpreting a single moving average is to compare
the relationship between moving averages of the securitys price with the securitys
price itself
In this case in the month of July shorter moving average cross above the
longer moving average means there was a buying opportunity and looking at
the chart it can be say that buying decision in July was not wrong and again it
is likely to cross Means one can buy this share because price is likely to go
high in next month
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 51 -
Infosys From 2000-2008
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 52 -
News and Analysis
Date Particular Source
28-Aug Narayana Murthys daughter to tie know on Aug 29 CIOL
A quite weding for IT Czars Daughter Deccan Herald
Akshatas Mehendi Over reception on Saturday Times Of India
27-Aug Govt may fail to keep its word to wipro Infosys Livemint
26-Aug Infy rise on BP relation
Market Intelligence Centre
BP Award Large Deal to infosys Technologies Ltd Reuters key Development
Infosys Tata sign Big deal with BP Advantage to tata Information week
IBM Indian outsourcers win services deal from BP Reuers
Infosys Gets ouder from BP Group Wall Street Journal
Sensex Closes UP 81 Pts Infosys Leads Financial Express
25-Aug Stock Open Higher Infosys SBI lead Financial Express
Indian Shares Fall 08 pct ICICI Infosys drop (HCL Jumped 6 0 Reuters key Development
24-Aug Infosys Outsourcing Unit Pursues Orders Eyes Acquisitions Wall Street Journal
23-Aug Infosys BPO Partners US firm to proved Mortgage solution Business Standard
Less cost Less hassle Less paperInfosys launches Customer communication Mgm portal for E PR-canadanet
20 Augut
Stock to watch Sterlite Industries HDFCNMDC RECSun Pharma Jet Airwas Infosys Economics Times
20 Agust Intra-Day Sell Infosys ICICI Bank Athellip Sify
19-Aug Indian Shares fall 15 Pct led by reliance
Reuters key Development
19-Aug Narayana Murthy to join NPCI My news in
Murthy to join NPCI Board as non-exe chairman Mydigitalfccom
after Nilekani NRN to take up a government assignment MSN India (Domain-B
18-Aug Infosys looking for new billing modes to protect margins Economics Times
Infosys Pushing result-based sales model Daily news amp
analysis
Tough time to continue for another quarter or twoInfosys Hindu Business
Line
Infosys at the NASSCOM global engineering leadershi Summit 2009 Newswire Today
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR-USAnet
17-Aug InfosysCognizant among worlds 100 Fastest growing companies Economics Times
Infosysamong worlds 100 fastest growing Cos Press Trust of India
Infosysamong worlds 100 fastest growing Cos Sify
Infosys is the most admired Indian Compan WSJ survey Stock Watch
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 53 -
Infosys most admired Andhra Cafeacute
Infosys launches Communication Hub iTWire
Communication Portal Cuts Costs ITBrief
16-Aug Indian IT Outsourcers Face Cloud computing challenge Financial times
Infosys has bid for over 10 govt deals Financial express
Reuters
Indian tech company infosys to expand operation in NZ New Zealand
Herald
Indian ADRs loss $ 144 bn in one week
Fianancial ExpressEconomics
TimesSiffy
Six in top 10 Club add rs 28000 cr in mcap Press Trust of India
14-Aug Infosys posts growth but on track for drop in annual revene Smart brief
Infosys most admired Indian Company WSJ survey
Press Trust of India Economic TimesDeccan
Herald
Indian Shares fall 03 Pct Infosys drop Reuters financial
express
13-Aug Infosys Prevails as Storm Brews in Indias Tech Sector Wall Street Journal
Infosys Looks to China Outsourcing Market for growth CIO
Indian outsourcer cultivating chinese clients IT World Canada
Infosys Demand evironment Better than it was Wall Street Journal
Infosys Executive demand environment better than it was EasyBoursecom
Infosys seeing revival signs Times Of india
12-Aug Indian shares slip 04 pct but buying reviving Reutes
11-Aug
Independent Research Firm Names Infosys Technologies as a leader in SAP Implementation PR Newswire
Infosys Named leader in SAP implementation EFY Times
Forrester Lauds Infosys as SAP leader CIOL
Infosys eyes Latin american acquisitionswins Bancoombia as client ISI-Emerging
Markets
Sensex slides sharply Nifty below 4500 India Infolinecom
RPT-FEATURE-Talent building key challenge for India firms Reuters
Talent building remains key challenge for Indian firms Livemint
Talent building remains key challenge for Indian firms IBN Livecom
10-Aug Narayana Murthy mulls investment in green VC fund Business Standard
Infy to use internships to attract more global talent Rediff
Narayana Murthy to invest in green VC fund Siliconindiacom
Stand out from the IT jobs crowd - top tips from Infosys Computer
Weeklycom
Infosys Technologies (INFY) Bullish Technical Alert ndash Trend Up 651 comtex Smartrend
Sell Infosys ndash Nirmal Bang Top News
9-Aug IT majors preparing strategy in line with revival of demand Business Standard
Infy Wipro set up units to tap Indian foreign govt mkt Economics Times
IT majors prepare strategy in line with revival of demand Rediff
8-Aug Infosys Inks Five-Year Deal with T-Mobile itVARnewsnet
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 54 -
7-Aug Infosys BPO wins T-Mobile UK contract
Trading Markets (press release)
6-Aug Infosys pursuing 12-15 deals in $1-b range
Hindu Business Line
Infosys Technologies (INFY) PriceWatch Alert For 862009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys signs strategic agreement with Bancolombia Thaindiancom
Infy deploys Finacle soln for Bancolombia bank CIOL
Colombian bank selects Infosys Finacle soln Indopia
Infosys signs five-year deal with T-Mobile UK Telecompaper
T-Mobile UK inks 5-year deal with Infosys BPO to outsource finance operations Wireless Fedration
5-Aug Infosys is pursuing $1-bn deals in this quarter Business Standard
July technology earnings highlights INFY INTC TXN AAPL MSFT Learning Markets
Infosys Technologies (INFY) PriceWatch Alert For 852009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
Indian Stocks Rise Erasing Earlier Losses Infosys Gains Bloomberg
Indias Infosys pursuing deals worth $1 billion Reuters
Infosys pursuing deals worth $1 bn Financial Express
Infy Wipro having second thoughts on Bengal plans Economics Times
Markets open higher Reliance Infra Infosys surge Mydigitalfccom
Markets open higher Reliance Infra Infosys surge Sify
Sensex back to its winning ways Press Trust of India
Stocks open higher Reliance Infra Infosys surge Economics Times
Indian shares rise in early deals Reuters
4-Aug
Infosys Technologies (INFY) PriceWatch Alert With 618 Downside Protection
Market Intelligence Centre
Infosys Technologies (INFY) PriceWatch Alert For 842009 - Covered Call Risk Ranking Declines to 2 Keys
Market Intelligence Centre
Infosys Technologies Ltds Infosys BPO Inks Five Year Deal With T-Mobile UK-Business Standard
Reuters key Development
Indian shares fall 06 pct Bharti ONGC drop Reuters
Infosys BPO unit wins 5-year deal from T-Mobile UK Reuters India
Infosys BPO inks five-year deal with T-Mobile UK Business Standard
Infy BPO bags 5-year T-Mobile UK deal Times Of India
Dettol tops green brands list Rediff
Infosys Wipro among top green brands in India CIOl
Infosys Wipro in top Green brands Times Of India
Intra-Day Sell Infosys athellip 2115 Sify
3-Aug PREVIEW-Cognizant seen posting another solid quarter Reuters
Cognizant Techs June quarter results will cheer IT investors Livemint
Infosys gets CISF security cover Myiriscom
In Economic Cloud Infosys Sees a Green Lining Network Computing
FampO Outlook Expect profit booking Business Standard
2-Aug Infosys Wins Best Outsourcing Partner in the 2009 Waters Rankings
PR Web (press release)
31-Jul Infosys Technologies (INFY) PriceWatch Alert Support Down To $4141
Market Intelligence Centre
Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 621 comtex Smartrend
Infosys pays Rs 23-cr premium for Rs 10000-cr cover Sify
Govt support must to help IT achieve growth Infosys Economics Times
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 55 -
30-Jul Infosys Wins 10-Year E-Government Contract From Commerce Ministry Indian Journal
Indian ADRs Gain $7 Billion Infosys Leads the Pack Indian Journal
29-Jul Asian companies get anti-terrorism advice and aid InternetNewscom
CISF to protect techies not intrude on their private space Economics Times
Infosys gets CISF cover Business Standard
28-Jul Nasscom Summit HR of IT cos need to adapt to changes Hindu
Infosys believes growth picture will clear in a year Business Standard
Infosys Technologies (INFY) PriceWatch Alert For 7312009 - Covered Call Risk Ranking Improves to 3 Keys
Market Intelligence Centre
SABMiller Selects Infosys Technologies EFY Times
Infosys to Improve SABMillers Marketing Campaigns CXOTodaycom
SABMiller Chooses Infosys Technologies Limited To Conduct In-Store Projects
Reuters key Development
Indian Outsourcing Moving Past Economic Turmoil With A Positive Quarter
Trading Markets (press release)
Infosys eyeing Tier-II cities for expansion Indopia
Infosys eyeing smaller cities for expansion Hindu Business
Line
Infosys eyeing Tier II cities like Mysore Kochi Madurai MSN India (Domain-B
Stocks turn negative ICICI Infosys drag Financial Express
BSE Sensex falls 07 pct ICICI Infosys drop Reuters India
Morning Sensex falls 07 ICICI Infosys drop
Infosys to bid for UID projects nobody to succeed Nilekani Trading Markets (press release)
Transparency to be maintained on inking UIAI deal Infosys Indopia
India tech stocks still a good play or overpriced Reuters
27-Jul Top VARs Vie For $1 Billion IT Contract With BP
Gerson Lehrman group
Infosys pips TCS Wipro in filing patents Sify
TCS Infosys Patni await clarity on ABN Amro outsourcing Economics Times
All change at ABN Computing
RBS yet to take a call on ABNs USD 500mn outsourcing contracts ISI-Emerging
Markets
Infosys Technologies (INFY) PriceWatch Alert Technicals Showing Bullish Market Intelligence
Centre
Recession TCS Infosys Wipro HCL bag large outsourcing deals Economics Times
Indian outsourcers using slump to get bigger ZDNet Asia
IT firms speed up patent filing Hindu Business
Line
26-Jul Indian ADRs gain $7 billion Infosys leads the pack
Hindu Economics times hindustan
Times
25-Jul
52-Week High Companies China Life Insurance Company Infosys Technologies Archer Daniels Midland Company Ford Motor Company The TJX Companies and Starbucks Corp GuruFocuscom
24-Jul
Tata Consultancy Services Ltd And Infosys Technologies Ltd Vie For $1 Billion BP Deal-Reuters
Reuters key Development
23-Jul Indias Outsourcers Using the Slump to Get Bigger Business Week
Indian outsourcers vie for $1 bln BP deal-report Reuters
Indian outsourcers vie for US$1b BP deal Business times
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 56 -
(Subscription)
IT has not reduced strategic investment Infosys Economics Times
IT industry hasnt reduced strategic investment Infosys Business Standard
No cost-cutting in critical areas Infy Times Of India
Indian shares rise 02 pct Maruti continues rally Reuters
22-Jul IT companies reconciling to pay more tax as STP exemption ends
Hindu Business Line
The tough get going Business Standard
Wipros Q1 performance pales vs TCS Infosys Economics Times
Infosys bags railways pilot project worth Rs4 Crore Siliconindiacom
Infosys Technologies Ltd Wins eBiz Project from Ministry of Commerce and Industry
Reuters key Development
21-Jul
Infosys move is obvious in providing cautious view due to market uncertainties
Gerson Lehrman group
Liquid funds may now fetch less for companies Economics Times
Indias Infosys wins 10-year contract from govt Reuters
Infosys Gets 10-Year Outsourcing Order From India Government Wall Street Journal
Infosys bags ten-year govt e-biz project Financial Express
Infosys Technologies Ltd Wins Ten Year Contract From Government-Reuters
Reuters key Development
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives Webnewswirecom
Infosys Opens First Philippine BPO Branch With Collaboration Platform From Cisco SYS-CON Media
Infosys opens BPO branch in Philippines with Cisco Telecompaper
20-Jul Infosys to get CISF cover soon Deccan Herald
Infosys bags rlys coach management project Business Standard
Infosys bags Railways coach management project MSN India
Infosys bags Railways coach management project Economics Times
19-Jul IT firms spend more on RampD to offer new services
Hindu Business Line
Infosys Finacle bags two major deals Economics Times
Infosys Finacle signs two major deals Siliconindiacom
Infosys wins two major deals for direct banking solutions Itvoir
17-Jul Infosys Technologies (INFY) Bullish Technical Alert - Trend Up 444
Trading Markets (press release)
Indias Tata Consultancy Q1 net up sees uncertainty Alibaba News
Channel
16-Jul Heard on the Street Economics Times
Infy puts Rs 1500cr in liquid MFs Times of India
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives PR-canadanet
15-Jul Infosys BPO receives award for diversity hiring initiatives Consultant News
Amartya Sen to chair Infosys Foundation jury for social sciences Thaindiancom
14-Jul Nilekani IDing the masses may solve Indian identity crisis MSN India
Oracle and Infosys jointly develop distribution offering Trading Markets (press release)
KRChoksey recommends to buy Infy target of Rs1824 Siliconindiacom
Infosys Technologies nets $10-mn Intel pilot project Economics Times
Earnings Preview Q1FY10 Livemint
13-Jul Infosys Wipro get CISF cover Business Standard
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 57 -
Infosys Wipro to get CISF security cover Myiriscom
Infosys Q1 profit beats estimates Budapest Business
Journal
Sensex recovers partially led by Infosys ITC India Infolinecom
Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives
Prdomain Business register (press
Release)
Infosys BPO bags award for diversity hiring initiatives Economics Times
Stocks to Watch TCS Wipro Infosys NTC RIL Gammon India Economics Times
12-Jul Domestic market key to revenue growth Economics Times
Result Review Infosys Technologies Livemint
After Finacle Infy back with new smaller products Mydigitalfccom
Infosys revenues from BT to shrink further Hindu Business
Line
Q1 Shock or surprise Mydigitalfccom
Israeli cos in talks with TCS Wipro Infosys for IT deals Economics Times
Corporate Round-up Economics Times
11-Jul Infosys Q1 net profit up 17 Rs1527 cr Utvi
10-Jul Infosys sounds alert on lower FY10 income Economics Times
Infosys Technologies Ltd- Result Update by Nirmal Bang Top News
Infosys climbs nearly 4 pc on Nasdaq Economics Times
Infosys sees Q1 North America profits up 16 Business News
Americas
Top Day Trader Alert Stocks (CIT DELL WDC DDSS INFY ASML) 247 Wall St
Infosys BPO eyes acquisition in US Europe CIOL
Outsider may be the next chairman of Infosys Murthy Zee News
9-Jul Outsider may be the next chairman of Infosys Murthy Reuter key
development
Infosys looks to outbid rivals for UBS unit buy Economics Times
Inflation Declines in India Infosys Earnings 123 Jumpcom
Indian shares post biggest weekly fall in 8 mths Reuters
Infosys 1Q Net +17 Cuts This FY Rupee Outlook Wall Street Journal
Infosys Profit Beats Estimates Wins Large Orders Bloomberg
8-Jul IT biggies set to report decline in Q1 numbers Mydigitalfccom
Infosys may revise dollar revenue guidance upward Sharekhan Economics Times
Movers roundup Infosys IntercontinentalExchange Forbes
7-Jul Bearish option traders prep for Infosys (INFY) earnings StockHouse
Options Update Infosys (INFY) amp Euro Currency Trust (FXE) The Option Insider
Infosys (INFY) July volatility at 64 into EPS and outlook StreetInsidercom
Choppy Indian shares end flat Infosys ICICI fall Reuters
6-Jul Infosys faces bearish trade Option Monster
Research
Infosys Technologies Sets 1Q Earnings Release Date Trading Markets (press release)
1-Jul To survive IT sector will have to innovate Livemint
Infosys Technologies to declare Q1 results on July 10 2009 Equity Bulls
Stocks to watch GMR Infra SBI Reliance Power TCS Wipro Infosys United Spirits DLF Ispat HCL Tech Economics Times
30-Jun Infosys reverberates at TCS annual meeting
Daily news amp analysis
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 58 -
29-Jun Infosys Technologies to Announce First Quarter Results on July 10 2009 Market Watch
Infosys Tech to announce Q1 results on July 10 India Infolinecom
28-Jun Indian ADRs add $4 bn to their kitty Infosys gains $1 bn Economics Times
26-Jul Tax holidays must be extended Infosys Utvi
25-Jun IT majors vie for slice of UBS offshoring contract Economics Times
23-Jun ONGC to rope in Infosys for knowledge mgmt Myiriscom
20-Jun Infosys Says It Is Keen on Overseas Acquisitions Business Week
TCS Infosys see signs of recovery on order flow Economics Times
Infy shareholders assured on auditing Deccan Herald
19-Jun Buy Infosys For Target Rs 1840 Ashwani Gujral Top News
18-Jun
UBS AG Said To Be Looking At Sale Of Outsourcing Units To Indian IT Companies Including Infosys Technologies Limited-DJ
Reuters key Development
Infosys Cuts Carbon Footprint By 5 India Journal
Direct banking solution from Infosys Hindu
Infosys seeks nod for fresh issue of ADR India Infolinecom
Stocks to watch HDFC HDFC Bank Tata Communications Hindalco Wockhardt Infosys Bharti Economics Times
Infosys Files For Registration Of New Securities With SEC Wall Street Journal
Infosys Technologies Ltds Infosys BPO Ltd Gets Three Year $10 Million Order From Microsoft-DJ
Reuters key Development
UBS in talks with Infosys Wipro for sale of BPO KPO units Economics Times
15-Jun Infosys eyes buys in Mexico Brazil to improve operations
Hindu Business Line
Alberto Culver Company Bolsters Trade Promotion Efficacy With Infosys Technologies Business wire
Infosys Technologies Introduces iTransformtrade Product Suite One of Industrys SYS-CON Media
Finacle launches Direct Banking Solution to enable Rapid Global Expansion and Customer Acquisition Financial Express
14-Jun Infosys BPO on the hunt for low-cost rural locations Mydigitalfccom
Infosys hopes huge business from Latin America Trading Markets (press release)
Avi Infosys Dubai receives ISO 90012008 Quality Management System Certification AME Info
US recovery speeding up Hindustan times
11-Jun Telstra Selects Infosys as a Key Strategic Partner IT News Online
Infosys explores new engagement models Computer Business
review
10-Jun Infosys hopes huge business from Latin America Economics Times
Sell Infosys with stoploss of Rs 1830 Reliance Money Economics Times
9-Jun Sensex in India Surges 3 Infosys Satyam Rise 123Jumpscom
8-Jun Telstra Awards Contracts To IBM EDS Infosys Wall Street Journal
Infosys BPO CEO Expect FY Rev Growth Of Around 10 Wall Street Journal
Infy sets up domestic BPO operation Business Standard
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 59 -
7-Jun Infosys Technologies Ltd Plans To Set Up Unit In Brazil-DJ
Reuters key Development
Wal-Mart to Start Outsourcing More to India Business week
Infosys plans to set up unit in Brazil Economics Times
Infosys energy utilisation 5 per cent lower in FY09 Indopia
6-Jun India setting direction in use of IT in banking Infosys Indopia
5-Jun Sensex Ends Near Ten-Month High Wall Street Journal
3-Jun IT exports from north grows 30 in FY09 Infosys top exporter Economics Times
2-Jun Infosys invests Rs 63 crore in overseas subsidiaries Mydigitalfccom
Infosys invests Rs 63-cr in loss-making subsidiaries Zee News
News Date and Impact
News Date
Open high low Close Volume open-close
high-open
open-low
28-Aug-09 218500 219900 214250 218765 135164 -265
1400 4250
27-Aug-09 218000 220270 212120 218975 196202 -975
2270 5880
26-Aug-09 210500 218800 209800 218135 254324 -7635
8300 700
25-Aug-09 206800 210400 204100 209610 151542 -2810
3600 2700
24-Aug-09 204100 208240 204100 207615 115593 -3515
4140 000
23-Aug-09 000
000 000
20-Aug-09 197040 199500 195505 199280 219033 -2240
2460 1535
19-Aug-09 198500 198800 193600 195070 150657 3430
300 4900
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 60 -
18-Aug-09 197495 199900 195700 197140 145082 355
2405 1795
17-Aug-09 201500 201870 197125 198305 105485 3195
370 4375
16-Aug-09 000
000 000
14-Aug-09 206000 206400 202605 203985 63697 2015
400 3395
13-Aug-09 000
000 000
12-Aug-09 208000 208000 200000 204275 70493 3725
000 8000
11-Aug-09 208500 210900 205500 208165 123870 335
2400 3000
10-Aug-09 205200 211300 205005 208680 225757 -3480
6100 195
9-Aug-09 000
000 000
8-Aug-09 000
000 000
7-Aug-09 202500 205600 201500 204190 79732 -1690
3100 1000
6-Aug-09 209800 210000 204000 205460 105279 4340
200 5800
5-Aug-09 205055 210500 205055 209455 163504 -4400
5445 000
4-Aug-09 208025 210000 202200 204365 108625 3660
1975 5825
3-Au 000
000 000
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 61 -
g-09
2-Aug-09 000
000 000
31-Jul-09 203100 207695 202110 206390 301664 -3290
4595 990
30-Jul-09 198090 201870 198090 201040 274570 -2950
3780 000
29-Jul-09 198090 199770 195000 198375 106921 -285
1680 3090
28-Jul-09 204300 204300 196825 199475 128343 4825
000 7475
27-Jul-09 200500 204390 199630 202530 143672 -2030
3890 870
26-Jul-09 000
000 000
25-Jul-09 000
000 000
24-Jul-09 198500 201100 198235 200335 213339 -1835
2600 265
23-Jul-09 194700 197600 193500 195985 968738 -1285
2900 1200
22-Jul-09 197200 197200 189500 191920 201311 5280
000 7700
21-Jul-09 202500 202500 192505 194310 121109 8190
000 9995
20-Jul-09 188000 199400 187010 197270 568944 -9270
11400 990
19-Jul-09 000
000 000
17-Jul-09 181700 187300 180100 186700 241070 -5000
5600 1600
16-Jul-09 180000 182000 177080 179510 215929 490
2000 2920
15-Jul-09 181900 181900 175920 179095 196349 2805
000 5980
14-Jul-09 178000 181440 175110 180635 210388 -2635
3440 2890
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 62 -
13-Jul-09 172000 177445 171000 176795 205279 -4795
5445 1000
12-Jul-09 000
000 000
11-Jul-09 000
000 000
10-Jul-09 163500 176700 163500 172650 596974 -9150
13200 000
9-Jul-09 170800 171200 167000 167675 201347 3125
400 3800
8-Jul-09 172500 173300 168800 170570 225767 1930
800 3700
7-Jul-09 177000 177500 172600 173920 144282 3080
500 4400
6-Jul-09 000
000 000
1-Jul-09 177680 181290 177105 179670 99230 -1990
3610 575
30-Jun-09 178505 179900 176000 177690 115372 815
1395 2505
29-Jun-09 182020 183000 177255 178375 136266 3645
980 4765
28-Jun-09 000
000 000
26-Jun-09 177000 183870 175235 182675 216841 -5675
6870 1765
25-Jun-09 178000 179770 174605 175775 97423 2225
1770 3395
23-Jun-09 169900 177000 169900 174605 178176 -4705
7100 000
20-Jun-09 000
000 000
19-Jun- 172500 178500 172000 177110 147777 -4610
6000 500
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 63 -
09
18-Jun-09 171000 176000 169400 172145 166085 -1145
5000 1600
15-Jun-09 172495 177500 169000 172035 143796 460
5005 3495
14-Jun-09 000
000 000
11-Jun-09 185400 185400 172715 175155 146476 10245
000 12685
10-Jun-09 179000 183600 176205 180325 289306 -1325
4600 2795
9-Jun-09 172000 180000 172000 179555 226449 -7555
8000 000
8-Jun-09 170000 174500 168100 173320 233892 -3320
4500 1900
7-Jun-09 000
000 000
6-Jun-09 000
000 000
5-Jun-09 164480 170500 163330 169055 217181 -4575
6020 1150
3-Jun-09 169900 170500 162200 164590 185019 5310
600 7700
Table 11
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 64 -
Block Deals
Date Type Company Quantity Price
25-Jun-
09 Buy
BARCLAYS GLOBAL INVESTOR NA ISHARES BSE SENSEX
MAURITIUS CO 334554 1775
25-Jun-
09 Sell
CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD- SELL
CODE 334554 1775
10-Jan-
08 Buy ABN AMRO BANK N V LONDON BRANCH 356000 1660
10-Jan-
08 Sell JF ASSET MANAGEMENT FII 356000 1660
Table 12 Option Price
Expiry Date Type Strike Price Quantity LTP Last Traded
24 Sep 09 Call 219000 32000 7600 28 Aug 09 1557
24 Sep 09 Put 210000 22800 4200 28 Aug 09 1500
24 Sep 09 Call 225000 15000 5050 28 Aug 09 1534
24 Sep 09 Put 219000 12400 7480 28 Aug 09 1535
24 Sep 09 Call 228000 11000 3875 28 Aug 09 1534
24 Sep 09 Call 216000 9000 9600 28 Aug 09 1553
24 Sep 09 Put 216000 7800 6390 28 Aug 09 1553
24 Sep 09 Put 201000 6000 2285 28 Aug 09 1559
29 Oct 09 Call 228000 5600 8855 28 Aug 09 1534
24 Sep 09 Call 222000 5200 6500 28 Aug 09 1534
24 Sep 09 Put 189000 4600 600 28 Aug 09 1554
24 Sep 09 Put 204000 4200 2100 28 Aug 09 1559
24 Sep 09 Put 207000 3600 2710 28 Aug 09 1559
24 Sep 09 Call 213000 1600 9500 28 Aug 09 1534
24 Sep 09 Put 198000 1600 1450 28 Aug 09 1532
24 Sep 09 Put 213000 1400 4800 28 Aug 09 1534
24 Sep 09 Put 189000 400 1100 26 Aug 09 1400
24 Sep 09 Put 192000 400 1355 26 Aug 09 1525
29 Oct 09 Put 216000 400 13120 28 Aug 09 1556
29 Oct 09 Call 216000 200 12800 28 Aug 09 1439
Table 13
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 65 -
Figure 20
Finding
SUPPORT AND RESISTANCE LEVEL FOR 2nd
and 3rd
WEEK OF
September ldquoLooking at the above given information we can project the new Support Level at 2100 points and Resistance Level at 2250 points for the Second and third week of Septemberrdquo
SUPPORT AND RESISTANCE LEVEL FOR THE MONTH OF SEPTEMBER
2009 Beginning of September the news could be favorable but will the same Support and
Resistance Level maintain for the rest of the weeks I have done research on it and made the
conclusion that it will be maintaining the same levels
REASONS
I Looking closely at Monthly chart it is clear that last month Resistance become
Support for next month and the same can be predicted for September
II 2nd
quarter result may be favorable
Recommendation
1 One can buy it
2 Since the maximum price has been ------------ so in the near future it may
likely to go down because it has been overpriced
3 One can hold it for a shorter period
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3
AIT-School Of Management Greater Noida - 66 -
BIBLIOGRAPHY
1 ldquoSecurity Analysis and Portfolio Managementrdquo By ldquoPandian Punithavathyrdquo
2 ldquoInvestment Analysis and Portfolio Managementrdquo By ldquoRanganatham M
and ldquoMadhumathi Rrdquo
3