Sell Infosys, target Rs 1180: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "On the charts of Infosys there has been a stiff resistances coming at levels of Rs 1,265 and multiple tops are made at those levels. Also if you see today’s open interest built up with prices moving on the downside, there is clear cut sell option in the stock. For a very short-term the next support emerges at Rs 1,180. I am keeping a target of Rs 1,180 on Infosys and a stop loss at Rs 1,210."At 12:36 hrs Infosys was quoting at Rs 1,190.40, down Rs 47.90, or 3.87 percent. It has touched an intraday high of Rs 1,228.90 and an intraday low of Rs 1,190.00.