Infosys is set to unveil its second quarter earnings this Friday amid expectations that the country's second-biggest software exporter may raise its FY14 dollar revenue growth guidance in the July-September results.
The stock is currently trading 0.01 per cent lower at Rs 3,032.
So should you BUY Infosys in the futures market or in the cash market?
Check out the trading strategies with Shshank Mehta, Derivatives Strategist at Shah Investor's Home with us.
SmartInvestor : Nify is struggling near 5,900 in trades and remains weak. How are you approaching index today?
Shshank Mehta : We observe Nifty Futures currently trading near our support level of 5920; below this level Nifty Futures can slide to 5800 levels; correspondingly, Bank Nifty Futures are already below 10150 -- below which we expect Bank Nifty.
Futures to slide to 9750. We are advising client to BUY Put Options in Indices at 5900 strike and 10000 strike respectively.
SmartInvestor : Is there any increase in the Open Interest (OI) in Infosys ahead of its results? What is your strategy for this counter?
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