Buy Infosys with a target of Rs 2600-2650: Kulkarni

Shardul Kulkarni, Sr.Technical Analyst, Angel Broking is of the view that one can buy Infosys with a target of Rs 2600-2650.

Kulkarni told CNBC-TV18, "In the largecap space if you see Tata Consultancy Services (TCS) has done well over the past couple of trading sessions but I would not want to buy TCS at the current market price clearly showing you negative divergence on the daily charts. In case of Infosys, I would say that there is a possible opportunity of trading on the long side." He further added, "One can buy Infosys near the gap area support that particular support area comes in around Rs 2,450 so buying is recommended near Rs 2,450 levels on declines, not at the current market price. Place a stop loss at around Rs 2,350; I would expect the stock to move to around Rs 2,600-2,650 in the near future." Disclosures: It is possible that we have positions in the stocks discussed and we have recommended them to our clients.