Infosys has target of Rs 2520-2510, says Thukral

Thukral told CNBC-TV18, "IT is one area which is not seeing any rollovers specially Infosys. Seeing what has happened in last three weeks I think Infosys majority of the shorts have been squeezed out. What I see long rolls being pending, so I am expecting some profit taking coming in Infosys. I would advice to keep a stoploss of Rs 2650 and I am looking at a target of Rs 2520-2510 before this expiry only. I am expecting Infosys to see profit taking."

He further added, "Very similar to Reliance Industries . The rollover cost has declined. Now, with such a run up in last one month it doesn’t cease the bullish sentiment to continue. So, again the stoploss has to kept as Rs 860 for me and the target would be around Rs 820."