Stocks in Focus.

Infosys Ltd: Four of the founders of InfosysBSE -1.55 % Ltd are seeking to raise about $1.1 billion by selling stakes in the IT outsourcing company, IFR reported on Monday.Mangalore Chemicals & Fertilizers Ltd: The Kolkata-based Zuari Group on Friday launched yet another bid to take control of Mangalore Chemicals…
Sensex, Nifty extend losses for 2nd day
Sell State Bank of India For Target Rs. 2310 – Angel Broking Pvt Ltd
Buy Coal India Ltd For Target Rs. 393 – Angel Broking Pvt Ltd

Justification: The stock is undergoing a ‘Time-wise’ as well as ‘Price-wise’ correction ever since it posted a new life time high of `423.70(High of June 11, 2014). The daily chart clearly displays that the stock stalled its position around the strong support zone of the daily ’89-EMA’ placed around `345.…