Stocks in India are likely to open lower and consolidate at the current levels barring a negative news on the results from Infosys. Expect the sensex to give up neary 150 to 200 points or 2 percent for the day.
We expect Infosys to report numbers'inline' with the markets expectation and the guidance is expected to be a lower and might spell trouble for the company's stock price which hovering around Rs 1400 level
Our favorite stock, Rolta spiked by more than 40 percent yesterday crossing the Rs 100 mark. we advice investors to book profits at these levels and re-enter the stok at Rs 80 level, as the long term fundamentals still look good for the company. Stay away from fancy stocks like prime focus and operator driven stocks like Prithvi Info. It is consolidation time on the street and expect some correction to set in, first thing in the morning
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