EquiyPandit’s Outlook for Infosys for the week  (Oct 08, 2018 – Oct 12, 2018) : 

INFOSYS:

INFY closed the week on negative note losing around 0.70%.

As we have mentioned last week, that resistance for the stock lies around 745 to 755 where the stock has formed a high in the month of September-2018. If the stock manages to close above these levels then the stock can move to the levels of 765 to 775. During the week the stock manages to hit a high of 755 and close the week around the levels of 725.

Minor support for the stock lies around 705 to 715. Support for the stock lies in the zone of 685 to 695 where the stock has taken multiple support and Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 660 to 670 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies around 745 to 755 where the stock has formed a high in the month of September-2018. If the stock manages to close above these levels then the stock can move to the levels of 765 to 775.

Broad range for the stock in the coming week is seen between 690 to 700 on downside & 750 to 760 on upside.