Infosys can head towards Rs 1130, says Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "In Infosys, we have seen some kind of consolidation happening. Even in the recent sell-off when the other stocks were cracking this stock has also moved lower but the momentum was not building up. Recently, it has arrived near a very important support that connects the November lows and the December lows. So, the trendline support should remain intact and we can start seeing some bounce back from here on in this stock and it can head towards the target zone of Rs 1,130." "One has to strictly maintain a stop loss around Rs 1,010 because if a systematic sell-off starts then Rs 1,010 should act as a very important support and one can aim for a target of Rs 1,130 on upside," he said.