The Hindu Business Line : Outlook positive for Infy, Wipro, TCS

Infosys: The April futures contract closed at 1958. Buy April futures after it trades above 1960. The upside target range is 1995-2030. Initiate the position with protective stop at 1910. Trail the stop to control the downside risk. The margin on the futures position is approximately 17 per cent of the contract value. The minimum order size is 100 units. The open interest position as a proportion of the market-wide limit is about 15 per cent.

Wipro: The April futures contract closed at 597. Buy April futures after it trades above 599. The upside target range is 613-623. Initiate the position with protective stop at 570. Trail the stop to control the downside risk. The margin on the futures position is approximately 18 per cent of the contract value. The minimum order size is 300 units. The open interest position as a proportion of the market-wide limit is about 15 per cent.

TCS: Buy April futures if it trades above 1107. The upside target range is 1155-1191. Initiate the position with a protective stop at 1090. Trail the stop to control the downside risk.

The margin on the futures position is approximately 20 per cent of the contract value. The minimum order size is 250 units. The open interest position as a proportion of the market-wide limit is about 20 per cent.

(The opinion expressed in this column is based on technical analysis. There is risk of loss in trading.)

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