Infosys can test Rs 2600: Anil Manghnani

Infosys can test Rs 2550-2600, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "Infosys has been pretty subdued for the last two-three months. It has not participated at all in the rally. The first level I am looking at is about Rs 2,475. It is a falling trendline. If it can take that out then it opens up upside of Rs 2,550-2,600. So watch for Rs 2,475 especially being a weekly close also."

He further added, "I think the other ones could benefit also. If you look at HCL Tech, if it is suggesting to open around Rs 650 or so, it is only Rs 10 from its recent highs. So while the CNX-IT may have underperformed, HCL Tech is doing pretty well, TCS which has been also very subdued after hitting Rs 1,400 plus could benefit from these numbers. So overall effect it might help some of the other stocks also. It is not just going to be Infosys this morning."