EquityPandit’s Outlook for Infosys for the week  (Feb 05, 2018 – Feb 09, 2018) : 

INFOSYS:

INFY closed the week on negative note losing around 2.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1140 to 1150. Support for the stock lies in the zone of 1115 to 1125 where Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 1070 to 1080 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1119 and close the week around the levels of 1143.

Support for the stock lies in the zone of 1115 to 1125 where Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 1070 to 1080 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1160 to 1170 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of around 1200 to 1220 where the stock has formed a top in the month of January-2018.

Broad range for the stock in the coming week is seen between 1080 to 1090 on downside & 1200 to 1210 on upside.