Buy Infy if it comes below 1950 !

When we talk about technology sector, obviously there are two-three cues which has to be looked at. One is the rupee which on an average has appreciated quite a bit. In fact if you look at on an average it is less than Rs 41. Second if you look at the hedging, which has been increased by most of the technology heavyweights that clearly shows an indication that you are looking even more rupee appreciation from the current level. So surprise, which was expected, is anyways people have factored that into price as well. So we are not seeing much of the surprise from the current level in fact we are quite positive on the overall technology segment and from the current level it gives even better opportunities. One can certainly buy Infosys if it comes down to a level of Rs 1925-1950.

It's true that tech stocks have taken a bit of knock today, again the expectation is that the results for June quarter will not be too good for tech. But this is already known, this is already there in the prices, so in case the techs come down more from here it's a buying opportunity.In fact we are taking a contrarian call in tech and we were buying Infosys earlier at Rs 1925-1950 levels, which we exited partially yesterday and today. So again if the stock like Infosys comes down to those Rs 1900-1925 levels, we will again be buyers in that.

Learn the basics: http://knowmarket.blogspot.com/