Infosys may test Rs 3500, says Abhijit Paul

Abhijit Paul of Alphative Advisors LLP is of the view that Infosys may test Rs 3500.

Abhijit Paul of Alphative Advisors LLP told CNBC-TV18, "In terms of price, Infosys  has managed to take out crucial supply points for sure. It is holding fairly well above Rs 3300 mark, I would like to see this stock trading above this level for at least 2-3 sessions from here on."

"In that case what it will do is, confirm this breakout and raise the possibility of an extension on the upside. Short-term levels on the upside is close to Rs 3500 mark and stoploss is at Rs 3200," he said.

Disclosure: Analyst does not hold the stock but has recommended the sock to his clients and they may have their positions.

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