Infosys can re-test Rs 2275: Hemant Thukral

Infosys can re-test Rs 2,275 , says Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money.

Thukral told CNBC-TV18, "Yesterday we have seen first signals coming in that shorts have been started to built up in IT stocks, both Wipro and Infosys have seen shorts. Infosys in particular has seen around 9 percent fresh open interest on the short side."
He further added, "Importantly what is crucial is that it was holding that Rs 2,410-2,415 levels very well. Yesterday it has closed well below it now. So clearly giving first signals that maybe the counter is getting again weak, we expect it to re-test around Rs 2,275 which is a 100 points dip from here but traders have to keep a stop loss. So any move above Rs 2,340 back above that, I think one should cut the short positions but definitely it is a counter where one can go with fresh shorts today."