Infosys
Infosys ended higher for the second consecutive day on Wednesday on the back of upbeat Q1 fiscal 2021 earnings. The stock closed up close to 4% and saw unwinding of longs from higher levels. The stock is likely to take support around Rs 784-790 levels while a decisive breakout from the range of Rs 862-877 levels could take the price towards Rs 912 as the next realistic target.
Granules India
Granules India surged close to 7% on Wednesday and climbed above its 20-day Simple Moving Average (SMA) on the back of improved Q1 FY21 results. The stock has been in bullish pattern post its Q4 FY20 results and has witnessed strong follow up buying; however, a breach of Rs 140-142 mark is required to take the price up towards the long term resistance point of Rs 156.
JSW Steel
JSW Steel surged close to 4% on Wednesday extending its rally on the back of Q1 FY21 earnings. The stock has already taken a sustained break from its recent congestion and surged past its intra-day resistance point of Rs 241. Unless there is a breach of Rs 260 mark, the upside could be capped; however, any declines from hereon could take the prices towards its long term moving average of Rs 213.
