Infy (CMP: 2074) has strong technical support around 1894 area; Immediate short term TGT should be 2200 and in the medium term it could cross 2400 & 2650 zone.
Worst is much behind in US and EU is also gradually stabilizing. This coupled with accelerated global growth in business (IT spending) along with digital India under Modinomics may be the main driver of INFY earning. Vishal Sikka also brought in cutting age latest technology and a change of business strategy in INFY, which could help it to attain an average revenue growth of around 18% going forward.
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