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INFY

Infy strategyInfy Cmp 934 - Infosys record date for buying back shares has been set on 01 Nov 2017 - Buy back price Rs set at 1150 for each share - Total amount set aside by Infy for buyback Rs 13000 Crore - Amount set aside for retail category who are holding shares worth Rs 2 lakhs or less on record date - Rs 1950 Crore (15% of total amount) - As on March 31st 2017, as per Co filings 2.87 Cr shares are with retail category - The Co will buy back 1.69 Cr shares from retail category - Expected acceptance ratio can be between 55-59% Buy 200 shares at cmp With results set to be announced tomorrow on 24 Oct 2017 one may consider Buy Infosys 900 October Put option at cmp 3.8 This will protect any major reaction on the negative side if results are bad -Tender shares in Buyback on 01 Nov 2017 - After confirmation of exact number of shares accepted in buyback, Sell remaining shares at Market price - Expect profitability to be around 10-13% Hope this helps Take care Happy & safe trading...!!!!
NSE:INFY
by indiamarketoutlook
3
INFY - Wait for it...Infy broke a strong support which was intact for a very long time and it was broken with good volumes. Don't know much about fundamentals but weakening dollar isn't helping it either. More downside is possible as long as it stays below the support line. Trend seems negative for the whole market as well. Hold your horses if you were thinking of buying INFY. I do not initiate a short here but will wait for right time to initiate long. If the market sentiment remains negative, the stock can come down to 700 - 730 range which will be a very good price to get in for long term investment.
NSE:INFY
by TechMantra
Infy: Love affair with the stock continues....Infy CMP 899.50 In the previous post when Infy was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone. Despite Infy offering Share buyback at 1150... despite Infy seeing the return of respected Nandan Nilekani on the board... we have seen price rejection in Infy stock price right in the zone (of 930-960) that charts were highlighting...!!! :-) The stock may remain sideways for some time with down ward bias Tc and safe trading...!!!
NSE:INFY
by indiamarketoutlook
Infy: The Confluence ZonesNotes on the chart. White pattern would fail above 993 and reddish below 969. Its possible that the white pattern does not completes and the confirmation for that would be below 977. In that case only red pattern would be worth focusing. 970/975 would be the level to watch for buying opportunity. If white pattern completes look for shorting opportunity near 990. If this plan works stock may test 970/975 range, here a bullish candle or pattern will trigger buy. Feel free to comment or any query. Trade Safe, stay healthy. Hit Like if this information is useful. Regards Bravetotrade
NSE:INFY
by Bravetotrade
3
Infy: Sell the FlagIn my previous post this downtrend was anticipated quite far back See >> Currently price is in the middle of the range (1015-921) specified in the above post, which is also around 61.8% retracement. Expect some pullback from this zone. But this pullback should be weaker and so far it is weak. Watch for price action before shorting. Any impulse on the upside above the flag will nullify this trade. Setup: Bear Flag Entry: Let the flag pattern complete and break on the downside. The higher the price goes in the flag, the better. Stop: As per risk appetite Targets: 951 and lower..see chart.
NSE:INFYShort
by Bravetotrade
Nifty IT Medium term viewWe are looking at a 8 year Nifty IT chart Lets see what the chart is trying to tell us... - Between 2009 to 2015 the price has risen from 1933 levels to 12908 levels - Since Jan 2009 till March 2015 the index has been making higher top higher bottom - It is only after March 2015 that the index is seen making lower top lower bottom on a regular basis Hence applying Fibonacci retracement level on the entire Bull cycle seen in NIFTY IT since Jan 2009 to March 2015 (roughly 75 months) - It is further observed that since 2015 Price is trading in a Downtrend channel - Blue trend line drawn from 2009 lows looks likely to be the Laxman Rekha (Make or Break line) 2 likely scenarios have been charted out... Eventual target for NIFTY IT-8750-8600 zone which is 38.2% retracement level of the entire rise from 1933 levels to 12908 levels - Time wise 38.2% of 75 months is 29 months giving us time till Sept 2017 - Channel support around Sept-Oct 2017 comes at 8750 levels Things that one should consider before initiating a trade - this is a medium term 6 months view - Wait for the levels to come - allow price behavior around key levels discussed in the chart to give further confirmation - Understand the Risk involved & Reward potential - Plan your trade accordingly ____________________________________________________________________________ "Be sure you put your feet in the right place, then stand firm." - Abraham Lincoln ____________________________________________________________________________ Take care and safe trading...!!!
NSE:CNXITShort
by indiamarketoutlook