Shardul Kulkarni of Angel Broking told CNBC-TV18, "I would not move in trading into the Nifty because you have the strong monetary policy, which will pan out at around 11-11.30am. One should take a call on Infosys. The stock price shows a very strong higher top higher bottom cycle."
"I would go long on Infosys. I would look at Rs 2,950 as a stoploss for a higher target of around Rs 3,200. Of course it is a positional call but the position should be taken at least from now," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!