Technology sector is recovering on base of two major reasons namely the strengthening US dollar and the relative strength, which Nasdaq is displaying vis-à-vis the Dow Jones industrial average. In spite of the Dow losing ground the Nasdaq has been gaining .
Infosys will find support at Rs 1,550-1,575 levels, which can be utilised as a rough and ready stoploss level at this point in time. On the upside once the stock starts to trade consistently above the Rs 1,775 levels especially with volume and open interest expansion that would be an indicator that traders now committing more funds on to the long side and that could take the stock up to possibly Rs 1,900-1,950 levels over the next few weeks.Hold on to this counter for with a stoploss at Rs 1,550.