Fibonacci Support on Infosys chart, Buy INFY future around 2845

Infosys on charts has support around 2810 level as this level is Fibonacci retracement level and we see some support on chart around 2815 level on INFY spot and 2845 level on infy future. We would suggest traders to participate in this supportive stock by buying INFY future around 2830 to 2845 zone for positional trading target of 2930 in 6 to 8 trading sessions. Placing trading stop loss order below 2800. If you watch intraday chart we see there is cash based buying in infosys stock, on today’s chart we see wick on the candles, which indicates there is supportive buying at lower levels around 2815 today. Infosys future open interest didn’t see much change, but options open interest data states 2800 level must be short term bottom and 3000 level will prove to be near term top. High risk taker many also buy infy 2900 call option at 68 level for target of 97 and then 113 level. Stop loss must be based on infy future level as shown above.
DLF future was trading near our target that we have given on our yesterday’s analysis, you can comment for more information on nifty future and bank nifty future. If you wish to learn technical analysis we have a best solution for you at best price, just call +91-9970777789.

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