top losers-INFY remain sell targets 1177 and 1120

Infosys Ltd stock chart Infosys Ltd stock trading at 1190 with loss of almost 4%. stock is top loser in f&o segment. Stock below 1215 entered into bearish trend and expect lower levels up to 1177 and then 1120 for June series.   Stock price short term trend and momentum both are bearish and today move confirmed breakdown for downside targets.   Future traders with stop loss above 1220 hold shorts for targets 1177 and 1120 for June series. Option traders can use INFY 1180 put option as buy on dips with stop loss.   If infy sustain below 1175 on weekly closing basis then expect 1060 to 1000 rupee levels for stock in medium terms.

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Pramod Baviskar

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