Enter Infosys at around Rs 1160, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Infosys probably needs to correct a lot more. The level of Rs 1,160 or thereabouts is a good price, so anything between Rs 1,160-1,200 that should be a good zone but overall I think it has made three marginal higher highs. So, obviously it is losing momentum at those Rs 1,250 levels. So, 50-day moving average at Rs 1,160 is a good place to get into Infosys."Infosys closed at Rs 1,213.85, down Rs 12.55, or 1.02 percent. It has touched an intraday high of Rs 1,229.00 and an intraday low of Rs 1,210.00.