Infosys can test Rs 3150-3200: Aditya Agarwal

Technology is one sector which is looking quite promising from these levels. In Infosys we are expecting Rs 3150 to 3200 level in short term. So in Infosys long positions can be initiated, says Aditya Agarwal, Sr Derivative Analyst, Way2Wealth.

Agarwal told CNBC-TV18, "Technology is one sector which is looking quite promising from these levels. If you see Infosys, TCS, HCL Tech are looking good. In Infosys we are expecting Rs 3150 to 3200 level in short term. So in Infosys long positions can be initiated."
He further added, "In Oil marketing sector BPCL is one stock in which we have seen a sharp rally but again we are seeing long accumulation at every higher levels. So in BPCL we are quite positive from these levels. If BPCL corrects by Rs 8-10, if it comes in the range of Rs 668-670, long positions can be initiated with a target of Rs 690 to Rs 700 and stop loss of Rs 657."
"In power space if you see Power Grid is one counter, for last two years this stock was trading in a range of Rs 113 to. So if it breaks Rs 116 we can see a renewed rally in Power Grid which can take the stock towards Rs 126 levels. So in Power Grid also long positions can be initiated above Rs 116. Stop loss of Rs 101-111 and target of Rs 126."