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Web exclusive: How to trade Infosys ahead of Q3 earnings?

Infosys has been disappointing the street since past few quarters now

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Abhishek Vasudev New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Infosys has been disappointing the street since past few quarters now. Find out how should you trade Infosys ahead of its third quarter earnings which are due tomorrow with Parag Doctor, Head- trading strategies, Keynote Capitals.

Smartinvestor :
Markets are trading higher in trades today. What are the important levels of Nifty to watch out for?

Parag Doctor :
the markets have been trading in a range bound fashion since past few trading sessions. On the down side if Nifty breaks below 5,950 then it can go down to 5,825-5,850 levels. While, on the upside if 6,050 breaks then t can probably head to 6,150 levels.. Meanwhile, the sideways movement is expected for the Nifty.

Smartinvestor :
Which stocks are looking attractive from the heavyweight space for a short term trading perspective?

Parag Doctor :
Tata Motors is looking good the stock has broken above its 52-week high price one can buy this stock with stop loss at Rs 320 and for a target of Rs 350. Buying Call Option of Strike Price Rs 345 is also advisable.

Smartinvestor :
How should one trade Infosys ahead of its third quarter results? What is your view on the other IT heavyweights such as TCS, Wipro and HCL Technologies?


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First Published: Jan 10 2013 | 12:17 PM IST

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