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Sep 16, 2013 05:53 PM IST | Source: CNBC-TV18

Buy Infosys around Rs 2800-2850: Nooresh Mirani

Nooresh Mirani, AVP Technical at AMSEC Research suggests buying Infosys at around Rs 2800-2850 levels. "The stock may cross Rs 3100 in the next attempt," he adds.

Nooresh Mirani, AVP Technical at AMSEC Research told CNBC-TV18, "If one looks at last one-and-half-to-two years, on the lower side Rs 2200 and on the higher side Rs 3000-3050 has been a band for Infosys. Right now it has not been showing any momentum on crossing Rs 3050 level which is surprising. So, maybe a dip to Rs 2800-2850 is possible which could be a zone to buy into the stock and maybe in the next attempt the stock crosses Rs 3100."

He further added, "We can look keep a stoploss at Rs 2750 because if it goes not hold on to those levels we may again be looking at lower levels. So this could be a trade rather than an investment at current levels."

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