Sudarshan Sukhani of s2analytics.com shares his view on BPCL and Infosys.
Sukhani told CNBC-TV18, "BPCL is pushing towards new highs. After a small correction, it has started its rally. It is a news driven stock. On the charts, the sense is that it is moving up. If news comes about and disappoints then that is different. So traders must keep a stop loss here."
He further added, "Infosys - for a day trader, we can expect some follow through and you can go and buy. So for day trading flow is different but on an intermediate term, I think Infosys is probably going to head lower. These rallies will come because we had a very big decline and yesterday was a relatively better day overall for the broad market but only a day trade in Infosys is justified on the long side probably at some point we will see resistance and a resumption of the downtrend."
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