Infosys

Hi Shabbir and All,

Today we have seen (Big Disaster) in Infosy.

1. Is this the right time to invest for this stock?

2. Can expect short covering next week?

3. How to play in this kind of situtaions?

Please let me know.

Thanks,
Siva.

 

In my view this is not right time to invest in this stock. Wait for few trading session. Let it form some pattern.

 

Hi Shabbir,

Assume some traders already took call positions, they want to come out from the stock to cover the losses.

Do they better to wait till short covering happen in intraday for little upside or better to come out from that stock right away?

Thanks,
Siva.

 

Here is Infosys Chart http://chartink.com/stocks/infy.html

Pls correct me if i am wrong. Immediate support level at 2250 and then 2100.

 

@shabbir I bought Infosys at 2380, do you think it is advisable to sell at the current levels or should i wait till 3000 resistance levels? i also got the dividends, so am happy.

 

@shabbir i booked profits on Infy. 22+% return in two months time is enough for me..i think one should not be too greedy

 

Results of Infosys are on the corner.Is it worth to buy C.E. ?

 

i think infy will test 2900 levels ....

 

Kiran...

any specific reasons for the same??? for downtrend...

its holding 3000 level support for last 10-12 sessions...may be consolidation and might spurt up and cool off again at 3000 levels...

pls need your views

suraj

 

If Infy tests 2900 levels before Oct 11, then I have a feeling that Infy will boom up on results day.

Expect at least +250 on this counter on Oct 11 opening. Infy's results should be good in Q2 -
Forex gains will be there for Infy in Q2 as Dollar remained strong.
Infy has bagged 2 big deals in September from Toyota & RBS.
N Murthy is back at its helm, hence pro-investor sentiment would be there.

Owing to these factors, I expect Infy to perform well in Q2 (not expecting stellat performance, but should be good in general).

On result day, expecting Infy to move/open to 3200+ levels.
Hence, can go for Infy 3200 call / Infy 3250 call - premiums are already high, so risk has to be borne. But expecting Infy to test & cross 52 week high of around 3180. If one is getting some return on 3200/3250 call before result day, one should exit. For more risk-takers, they can hold.

Note: This is my personal view only on Infy, giving reasons.

 

Usually I don't trade in script which has news due cause that can impact on script bad or good.

And basically I prefer to sell when in news.
As per rishi request I'll update my views after dinner.

As per charts I prefer to be long in Infy with stop of 2960-2970 but just because I don't to want trade in eqyity rather I Prefer to choose option call, in option with lower risk we can choose 3100 ce or 3150 ce but that is also required too much money 19000 App.

So for me not to trade but if u all wish to trade that is totally up to u.

 

Yesterday as expected INFY given spike at the time of closing.

 

taking C.E. is also risky coz it has intrinsinic value.

 

As per recommended, told to go for Infy 3200 call / Infy 3250 Call..
Infy 3250 Call was 112 when recommended... today it reached 126 - i.e. return of 12.5%

Also said that "If one is getting some return on 3200/3250 call before result day, one should exit."