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Infosys spurted strongly on Wednesday. The stock is now testing the medium term trend deciding band indicated last week. The presence of the long-term 200-day moving average in this zone makes it very important hurdle from a long-term perspective as well.

A reversal from this zone will make the stock move lower towards Rs 1,700 again, whereas a move past this zone will make the stock go higher to Rs 2,200. Our preferred view for the medium term is that the stock would move sideways between Rs 1,700 and Rs 2,100. A move past Rs 2,100 is required to make the medium term outlook positive.

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