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Infosys


Infosys reversed from an intra-week trough at Rs 1,792 and is once more knocking at the resistance at Rs 1,950.

The stock could attempt to move to Rs 2,010 in the near-term.

But short-term traders should watch out for a bout of volatility in the zone between Rs 1,950 and Rs 2,000; that is a key medium-term resistance zone.

A weekly close beyond this band could herald a race towards its previous high at Rs 2,439.

The supports for the week would be at Rs 1,780 and Rs 1,700.

The near-term outlook will turn negative only if the first support is penetrated. The medium-term trend deciding level is at Rs 1,680.

Lokeshwarri S.K.

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