In the previous session, the Nifty index opened on a slight positive note, later it witnessed a consolidation in a narrow range. However, in the last hour of the market the index saw profit booking from higher levels. Technically, The Index formed a bearish candle on the chart and closed with a net loss of 57.45 points. The market looks to be volatile in the coming session due to derivative expiry. Hence a cautious approach is advisable for the next trading day.

Look at the below research report of Stocks to Buy for – Thursday, October 28, 2021’before the market opens.

Infosys Ltd

NSE :INFY   BSE :500209  Sector : IT – Software

In yesterday’s session, Infosys Ltd. stock prices made a positive candle on the chart and closed with a net gain of 1.48%.A white window occurred on the candle chart. Prices have been giving a break above the Ichimoku cloud which is an indication of a positive trend. Since price has taken support of 20 DMA which suggests positive bias for the short term.

The overall trend for Infosys is positive and dips around 1708-1710 levels will provide a good opportunity to accumulate the stock. On the above chart, we have applied Fibonacci projection, which is used to determine the price action, support and resistance levels. According to the indicator, prices can continue to move higher towards 1790 and then 1850 levels. One can maintain stop loss below 1650 levels.

Check More Analysis on INFY at: Infosys Ltd