Infosys may slip to Rs 2500, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "I think the Infosys rally was just on the back of a massive Nifty rally. The stock is weak and is looking to move towards Rs 2500, so the stop losses are visible for all traders. The targets are obviously a little more deep on the downside because you need to maintain these positions for relatively longer period of time and you should get Rs 2500 or even lower. It is the weakest of the top quality stocks."
He further added, "In Bank of Baroda there is buy potential because if the Nifty chops around and say moves up 20-30 points and comes down some stocks will go up and Bank Of Baroda as well as the entire banking space suggest that in that chopping around they could be the winners, so Bank Of Baroda is a buying opportunity. Ideally you want to buy it on any intraday dip but otherwise also there is more steam left in this entire sector."
