Avoid Infosys for short-term trade: Technical Trends

An Infosys at the current price point, would that warrant a buy?

Sudarshan Sukhani: No, it would not because IT by itself, that entire sector is now underperforming and within that, Infosys is not the best choice, so Infosys is an avoid. We are talking only about short-term traders who are listening to us. Once you start talking about a five-year time horizon, a three-year time horizon, then all blue chips at current levels are buying opportunities, at least most of them. So for a short-term trader, Infosys is not worth venturing into. Wipro is much better.