Above Rs 2240, Infosys can go upto Rs 2340-2380: Bose

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rajat K Bose See what other Experts & Brokerages are saying about Infosys See messages about Infosys Infosys BSE | NSE 09/02/12 Are Mutual Funds betting on Infosys?

Technical Analyst, Rajat K Bose is of the view that above Rs 2240, Infosys Technologies can head upto Rs 2340-2380.

 

Bose told CNBC-TV18, " HCL Technologies needs to consolidate between Rs 300-325-330 regions. If it were to really move above that then possibly you will see further upswing happening because HCL Tech had a good run and here unless you see the counter falling below Rs 285, you don't become negative on this stock."

 

He further added, "Infosys currently had a good run, today it is not showing much of gain, less than a percentage point gain but if Rs 2,240 crossed and sustained then you will see good swing happening in that and I would say that I am looking forward to a price of around Rs 2,340 to about Rs 2,380 in the next clearing."

 

Disclosure: It is safe to assume that analyst and his clients may have investment interest in the stocks/sectors discussed.