EquiyPandit’s Outlook for Infosys for the week  (Jan 07, 2019 – Jan 11, 2019) : 

INFOSYS:

INFY closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that resistance for the stock lies around 660 to 670 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 where Fibonacci levels are lying. During the week the stock manages to hit a high of 677 and close the week around the levels of 661.

Support for the stock lies in the zone of 640 to 650 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 600 to 610 where low for the month of November-2018 is lying.

Resistance for the stock lies around 670 to 680 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 620 to 630 on downside & 690 to 700 on upside.