Short Infosys, says Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Brokers is of the view that one may short Infosys as the stock may test Rs 2960-2980.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

Home » News » Stocks Views

Apr 23, 2014, 02.58 PM | Source: CNBC-TV18

Short Infosys, says Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Brokers is of the view that one may short Infosys as the stock may test Rs 2960-2980.

Like this story, share it with millions of investors on M3

Short Infosys, says Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Brokers is of the view that one may short Infosys as the stock may test Rs 2960-2980.

Post Your Comments

Share Cancel

Ashish Chaturmohta (more)

Head Technical & Derivatives Analysis, | Capital Expertise: Equity - Technical ,F&O

Ashish Chaturmohta of Fortune Equity Brokers told CNBC-TV18, " Infosys is looking quite weak. So, definitely there is a pull back today because of the expiry affect and we may see some more recovery towards Rs 3200-3210 levels but along those levels it is a good opportunity to short the stock because we have witnessed a very strong addition of shorts around Rs 3250 mark and post that we have not seen any meaningful recovery coming in to the stock. Today the affect is more of rollover."

"Any recovery towards Rs 3200-3210, one can again initiate a short position with a stoploss above Rs 3250. On the downside we expect the stock to target somewhere around 2980-2960 levels," he said.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Short Infosys, says Ashish Chaturmohta

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login