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Stock of the day : Buy Infosys Ltd For Target Rs 40- Religare Broking
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Infosys Ltd
* We are seeing decent traction in the selective IT stocks and Infy is trading insync.
* It has registered a breakout from the descending channel on the weekly chart with noticeable volumes.
* It has formed a fresh buying pivot holding above its short term moving averages ribbon.
* We thus recommend creating longs through the Call option.
Buy 1500 CE Infosys Ltd CMP 27.60; Range 26-28 ; SL 21; Target 40
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SEBI Registration number is INZ000174330
