EquiyPandit’s Outlook for Infosys for the week  (July 02, 2018 – July 06, 2018) : 

INFOSYS:

INFY closed the week on positive note gaining around 4.70%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1300 to 1310. If the stock manages to close above these levels then the stock can move to the levels of around 1340 to 1350. During the week the stock manages to hit a high of 1315 and close the week around the levels of 1307.

Minor support for the stock lies around 1280 to 1290. Support for the stock lies in the zone of 1240 to 1250 from where the stock broke out of May-2018 high and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high.

Resistance for the stock lies in the zone of 1310 to 1320. If the stock manages to close above these levels then the stock can move to the levels of around 1340 to 1350.

Broad range for the stock in the coming week is seen between 1240 to 1250 on downside & 1340 to 1350 on upside.