EquityPandit’s Outlook for Infosys for the week  (Aug 28, 2017 – Sep 01, 2017) :

INFOSYS:

INFY closed the week on negative note losing around 1.20%.

As we have mentioned last week, that support for the stock lies in the zone of 900 to 910 where the stock has taken multiple supports. If the stock manages to close below these levels then the stock can witness a major break down and the stock can drift to the levels of 820 to 830 where long term trend-line support for the stock is lying. During the week the stock manages to hit a low of 860 and close the week around the levels of 912.

Support for the stock lies in the zone of 890 to 900 where the stock has taken multiple supports. If the stock manages to close below these levels then the stock can witness a major break down and the stock can drift to the levels of 820 to 830 where long term trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 910 to 920 from where the stock has broken down from the support. If the stock manages to close above these levels then the stock can move to the levels of around 940 to 945 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 860 to 870 on downside & 950 to 960 on upside.