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NISM Certified Research Analyst & Mutual Fund Distributor.

Sunday 29 December 2013

Infy Options Strategy

The counter was facing resistance around 3520 area. At times it managed to give close above the same level but failed to capitalize on the same. However during last session it witnessed gap up opening above the said level and gave a very powerful close at 3561. With other indicators too looking bullish we expect the counter to continue its northward journey intact. On a very conservative side we recommend
 
 
Buy 3600 CE at 151 with SL of 120 TGT  200-230 in a short term.
 
 
 
 
 

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