In our update Will INFY Lead the Market ?? dated July 31, 2014, we had considered the possibility of INFY taking over the leadership and support the market which was under tremendous pressure in the wake of geopolitical developments and was threatening to break important levels. Further, in our earlier update Is the Worst Over for Tech Stocks ?? dated June 25,2014 we had indicated a turnaround in the tech stocks.
With Rupee toucing the crucial support of 58 and reversing, the tech stocks have reversed the downtrend and look to retest the recent highs.
Seen below is the Relative Performance of INFY, which has outperformed Nifty and almost all other stocks.
