Jan 23, 2013 05:19 PM IST | Source: CNBC-TV18

See Infosys rising closer to Rs 2,900: Manghnani

Anil Manghnani of Modern Shares & Stock Brokers expects Infosys to rally closer to Rs 2,900.

Anil Manghnani of Modern Shares & Stock Brokers expects Infosys to rally closer to Rs 2,900. 

Manghnani told CNBC-TV18, “Now for people who follow technicals, flag formation normally is a continuation pattern. So, I am assuming that since Infosys has done such a big breakout on the result’s day and followed up with good volumes then there is probably some more upside left.”

“Given the way the market has seen sectorwise rotation, stockwise rotation, which has kept the Nifty afloat even though stocks have actually corrected. I think Infosys could do a little bit more of that. I expect the stock to rally closer to Rs 2,900,” Manghnani added.

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