As the IT sector is not doing well bcoz of the rupee appreciation the stock can be bought @ 1650-1610 levels on all declines and then after that u may book profits @ 1720-1750 levels..so u can keep trading in the stock.
I asked to book profits in my pervious post which im changing to 1800 that also got achieved..one should book out in all the short term rally..as nothing has changed in IT companies..although valuations a gr8 but the problem is the rupee appreciation which I think will continue…this is just a relief rally.
As the IT sector is not doing well bcoz of the rupee appreciation the stock can be bought @ 1650-1610 levels on all declines and then after that u may book profits @ 1720-1750 levels..so u can keep trading in the stock.
I asked to book profits in my pervious post which im changing to 1800 that also got achieved..one should book out in all the short term rally..as nothing has changed in IT companies..although valuations a gr8 but the problem is the rupee appreciation which I think will continue…this is just a relief rally.
again contrarian……buy infosys for a target of 1740 and 1850 short term..watchout for results..