Nandish Shah recommends bull unfold on Infosys for December sequence


internet unique

The Spinoff Analyst at HDFC Securities recommends to purchase Dec 1760 Name and Promote 1800 Name of Infosys based mostly on the next 4 arguments.

Topic
Buzzing Inventory | Infosys | F&O Methods


Nandish Shah |
Mumbai




INFI. On Bull Unfold Technique

Purchase Infosys Dec 1760 Name at Rs 31.10 in addition to Promote 1800 Name at Rs 17.4
lot dimension 300

Technique value Rs 13.7 (Rs 4,110 per technique)

Most revenue Rs 7,890 if Infosys is Rs 1,800 or extra on the finish of December 30.

Break Even Level Rs 1,773.7

Logic:

  • Now we have seen a protracted construct up in Infosys futures the place we’ve got seen a rise of three% (Prov) in Open Curiosity and a 1.5% enhance in worth.
  • On the each day chart, the inventory worth closed on the highest degree since Nov 22.
  • The RSI oscillators are positioned above 50 and are sloping upwards, indicating power within the present uptrend.
  • Expertise as a sector is trying good on the charts.


Disclaimer: Nandish Shah is a Technical Analysis Analyst at HDFC Securities. He doesn’t maintain any place within the inventory. Ideas are private.

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First printed: Fri, 03 December 2021. 08:19 IST



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