EquityPandit’s Outlook for Infosys for the week  (May 02, 2017 – May 05, 2017) :

INFOSYS:

INFY closed the week on negative note losing around 0.50%.

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 where the stock has taken support in the month of November-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of around 850 to 870. During the week the stock manages to hit a low of 910 and close the week around the levels of 919.

Support for the stock lies in the zone of 900 to 910 where the stock has taken support in the month of November-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of around 850 to 870.

Minor resistance for the stock lies in the zone of 932 to 935. Resistance for the stock lies in the zone of 945 to 950 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of around 970 to 980 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 880 to 890 on downside & 940 to 950 on upside.