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Lokeshwarri S.K.

The price of Infosys touched an inter week high of Rs 1,699 on Thursday but closed the week on a negative note at Rs 1,608. As mentioned last week, there is short-term support at Rs 1,580. The price has halted here.

If this support holds, we can have a range-bound move this week between Rs 1,580 and Rs 1,720.

This range needs to be broken for a decisive move on either side. Downward targets this week are Rs 1,535 and then Rs 1,485. Buy in dips with a stop-loss at Rs 1,480.

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