Trade Infosys with positive bias: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Infosys' most interesting point is 1,200 Call. It has the highest open interest among all the options and the average selling. The average selling price people who have written that Call is Rs 46. So, it means any move above Rs 1,250 will lead to another round of short covering. If it sustains above Rs 1,245 I am sure we will see Rs 1,300 very fast. If you see it for 15-20 minutes sustaining above Rs 1,245 you should start buying more aggressively with a stop loss of Rs 1,220 because I see more short covering coming in and the stock can test Rs 1,295 and Rs 1,300. Infosys should be traded with a positive bias.""In Tata Consultancy Services (TCS) on the other hand we would be waiting and watching how it reacts at Rs 2,450-2,430 because once the news affect is over then we should try to play out how the results will be panning out," he added.