|
Sameet Chavan of Angel Broking told CNBC-TV18, " Infosys has seen massive correction in the last few weeks from the levels of Rs 2,200-2,250. However, Rs 1,900 has been acting as a strong support since last couple of weeks. The stock has been hovering around strong support since last six to eight trading sessions. It has managed to cross five days moving average which was placed around Rs 1,960. So this is a first sign of strength with the momentum oscillators are positively poised." "It indicates that the stock might give a bounce towards Rs 2,000-2,050 in next few days. We have a target of Rs 2,060 and stop loss for this trade can be kept at Rs 1,900," he said. Disclosure: The stocks may have been recommended to his clients but analyst does not have any personal positions. |
