Infosys Technologies can head to Rs 2450

Ashwani told CNBC-TV18, “Infosys Technologies has been in a range of about Rs 2150-2300. Once it can maintain Rs 2300, we could be looking at about Rs 2450 on Infosys.”

He further added, “All of the large caps are now showing strength. Satyam seems to be the strongest; Rs 530 could be the target. Overall midcap technology continues to be re-rated. So for the short term technology and autos could lead the way.”

Disclosure: We have long position on the Nifty and some of our clients maybe long on autos and midcap tech.