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Infosys: Short-term outlook bearish

B. Krishnakumar

The stock was oscillating in a narrow trading range during the week.

The short-term outlook remains bearish and a drop to Rs 2,700-2,710 appears likely. The stock could bounce back to Rs 3,150-3,200 if it holds above this support zone.

A close below this support level would have negative consequences and could push the price to Rs 2,650-2,660. — B. Krishnakumar

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