Prefer Infosys at lower levels: Kunal Bothra

Kunal Bothra, Head of Advisory at LKP Securities told CNBC-TV18, "Today’s move in Infosys probably has impacted the short-term charts but I really don’t think that it has probably put bigger question marks on the longer term trend. I think the stock is comfortably above its longer term averages. The good part is that when we talk of a trend moving in continuation, you look at these longer term moving averages, probably the slope of these averages moving far more better in terms of angular motions. So, I think that is happening for Infosys." "So, I sense that you would probably find some sort of support also. I think today’s move which you saw, gap down move for Infosys has been almost flat, almost at that point throughout the day. So, I sense that there is no follow through at least in terms of selling pressure. If the stock corrects over the next couple of days, I think there could be better buying arising at those levels," he said.