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Lokeshwarri S. K.

Infosys was one of the least-affected in last week's carnage. It recorded a gain of 1.6 per cent. Since the stock reversed from our support at Rs 2,130, the short-term trend continues to be sideways between Rs 2,130 and Rs 2,300.

Though Infosys has also completed a three wave zigzag pattern from the low formed on June 14, the correction in this stock might be a shallow one when compared with other pivotals. A fall below Rs 2,130 is required to drag the prices lower to Rs 2,035 or Rs 1,977. Hold with a stop at Rs 2,120.

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