Momentum Tips for Monday -

Following are the 3 momentum calls For Monday

Infosys:

`Sell` Infosys at the current market price of Rs 2,948 with the stop loss of Rs 3,055 for the targets of Rs 2,800-2,700. The stock is expected to provide a quarterly close with a two bar reversal pattern indicating that a deep dip is expected in it. The stock is closing in red after 8 consecutive positive closes; hence a minimum 38.2% retracement is also expected in it. On the daily charts it has broken the head and shoulders pattern which is a bearish sign going forward.

Wipro:

`Sell` Wipro at the current market price of Rs 437.8 with the stop loss of Rs 450 for the targets of Rs 415-385. The stock has broken a crucial trend line on the down side.

Aban Offshore:

`Sell` Aban Offshore at the current market price of Rs 583 with the stop loss of Rs 620 for the targets of Rs 540 and Rs 500. The stock has completed ABC pull back.

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