Trading Idea: Should you buy Infosys ahead of results?

Infosys kicks-off the Q4FY13 earnings season this week. Check out the trading strategies for information technology (IT) and other frontline stocks with Navneet Daga, derivative analyst, KR Choksey Securities.

Smartinvestor : The markets have opened flat ahead of the earnings season, which begings later this week. What are the key trends you are observing ahead of this? How are traders positioning their bets in the F&O space?

Navneet Daga : Well the breaish trade had worked in the markets, we belive ahead of earning season, markets we take a pause and try to climb back towards, 5630-5650 range and find resistance near that levels. But overall set is bearish in the markets.

Smartinvestor : Are there any Nifty stocks where you see a build up of short positions?

Navneet Daga : Lots of short is still visible on metals counters, autos, and financials, Ster and sesa prominent one, while auto some pull back is visible, and from financial packs heavy weight ICICI and HDFC ltd short are still visible.

Smartinvestor : How should one play the information technology pack, especially the frontline counters like Infosys, Wipro and TCS?





Click here for the full transcript