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| Intra-Day: Sell Infosys, L&T at...
Infosys
The near-term outlook is bearish for the stock. We re-affirm our sell recommendation
in this counter.
In line with our anticipation, the stock fell during the previous session,
witnessing selling pressure. Initiate new short-position if the counter breaches
Rs 2,500-level, with stiff stop-loss.
Sell the stock in rallies with tight stop-loss at Rs 379.
We reiterate our sell recommendation.
In the last trading session, the stock fell by 4 per cent, experiencing sell
pressure. We recommend a sell.
Utilise rallies to sell the stock with stop-loss at Rs 748.
| Company | LTP (Rs) | Support 1 | Support 2 | Resistance 1 | Resistance 1 |
| Infosys | 1543 | 1525 | 1500 | 1576 | 1600 |
| L&T | 2529 | 2500 | 2462 | 2560 | 2598 |
| Reliance Communications | 367 | 360 | 350 | 379 | 390 |
| Satyam Computer | 331 | 320 | 305 | 342 | 353 |
| SBI | 1502 | 1477 | 1450 | 1530 | 1560 |
| TCS | 720 | 710 | 700 | 730 | 748 |
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*Last
Traded Price
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In a sell recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendations would be valid for todays trading only. LTP - Last traded price.
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