(Short Term Stock Futures)
November 22, 2016
INFY (Till December Expiry)
This counter corrected from
1030 levels with decent amount of short positions. Yesterday, INFY
closed marginally down with huge amount of rise in OI. In addition, we also witness good
amount of rise in cost of carry, indicating most of the positions formed yesterday were on long
side. Hence, we expect some short covering bounce in this counter which may bring it near
986 levels. Thus, traders can go long in this stock with a strict stop loss mentioned above.
Profit Booked @ 2325
Research Team Tel: 022 - 39357800
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