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Infosys too closed with mild weekly loss after fluctuating in a narrow band last week. The medium-term trend in the stock stays neutral. It can continue to move in a sideways band between Rs 1,100 and Rs 1,400. Move beyond the upper boundary will make the stock rise towards the band between Rs 1,600 and Rs 1,650. On the other hand, the long-term support band between Rs 950 and Rs 1,050 will continue to support the stock in declines.

The short-term trend in the stock is down since the peak at Rs 1,457. Short-term traders can continue to hold their long positions with a stop at Rs 1,180. A rebound from here can propel the stock to Rs 1,350 or Rs 1,450 in the days ahead.

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