Rahul Mohindar of viratechindia.com told CNBC-TV18, “I think Infosys is looking pretty solid after the big breakout we had on one single day. We have consolidated a bit and I think it is right to move up further. So with Rs 1,180 as the target for the very near-term, I look at going long on Infosys. We are looking of stop loss at Rs 1,115. I think we are probably heading to a slightly more medium-term up breakout.” “The second buy call that I have is on State Bank of India (SBI). The stock has moved down and we believe that it is probably in a case of extreme oversold conditions. I may be early on this but my guess is that we are somewhere around that bottom and we are looking at some strength coming in yesterday. We saw a good pick up from the lows,” he said.
“So taking entire picture into account, we think even at these levels with Rs 172 as the stop loss, it is worth going long. The stock will at least move to a corrective rally to about Rs 186.”
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