EquityPandit’s Outlook for Infosys for the week  (Nov 06, 2017 – Nov 10, 2017) :

INFOSYS:

INFY closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 925 to 930. Support for the stock lies in the zone of 915 to 920 where short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 900 to 910 where Fibonacci levels are lying. During the week the stock manages to hit a low of 917 and close the week around the levels of 927.

Minor support for the stock lies in the zone of 925 to 930. Support for the stock lies in the zone of 915 to 920 where short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 900 to 910 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 943 to 948 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of around 955 to 960 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 975 to 980.

Broad range for the stock in the coming week is seen between 890 to 900 on downside & 950 to 960 on upside.