Monday, April 21
The negative pattern like lower tops and bottoms is still intact in Nifty charts and further upside bounce with a lack of strength could probably confirm the lower top reversal at the highs.The short-term trend of Nifty is positive but the market is lacking the strength to witness sharp upside breakouts of the hurdle. A sustainable move above 23,400-23,450 levels could possibly bring more short covering and push Nifty towards 23700. Immediate support is placed at 23150, said Nagaraj Shetti of HDFC Securities.In the open interest (OI) data, the highest OI on the call side was observed at 23,500 and 23,400 strike prices, while on the put side, the highest OI was at 23,200 strike price followed by 23,300.What should traders do? Here’s what analysts said:Jatin Gedia, Mirae Asset SharekhanNif
Infosys plans to hire over 20,000 freshers in FY26, an executive said after the company announced its Q3 financials. Infosys's headcount increased by 5,591 employees in the December quarter, when compared to the September quarter, according to the company's quarterly filings.India's second-largest software services exporter earns more than 80 percent of its revenue from Western markets.ALSO READ: Infosys Q3 Results FY25: Profit rises 11% YoY to Rs 6,806 cr, revenue up 8%It raised its constant-currency revenue guidance for the current financial year to 4.5-5.0 percent, up from an earlier forecast of 3.75-4.5 percent.Net profit rose 11.4 percent year-on-year to 68.06 billion rupees ($785.9 million) for the December quarter, beating analyst estimates of 67.7 billion rupees on average.Revenue
