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Infosys is among the few large-cap stocks that gave up all the gains made in the early week outburst and closed with a loss. The stock crashed 17 per cent from the peak of Rs 1,830 recorded on Tuesday. The medium-term trend has reversed lower. Key medium-term supports for Infosys are Rs 1,540 and Rs 1,360. If the stock recovers above the first support next week, it can make yet another attempt to clear the intermediate term resistance at Rs 1,900.

The short-term trend in Infosys is however down. There can be a pull-back to Rs 1,570 or Rs 1,620 in the days ahead. Downward reversal below the second resistance would be a cue for traders to initiate fresh short trades with a stop at Rs 1,660.

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