EquityPandit’s Outlook for Infosys for the week  (Oct 03, 2017 – Oct 06, 2017) :

INFOSYS:

INFY closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the stock lies in the zone of 890 to 900. Support for the stock lies in the zone of 855 to 860 where the stock has form a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can witness a major break down and the stock can drift to the levels of 820 to 830 where long term trend-line support for the stock is lying. During the week the stock manages to hit a low of 889 and close the week around the levels of 900.

Minor support for the stock lies in the zone of 890 to 900. Support for the stock lies in the zone of 855 to 860 where the stock has form a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can witness a major break down and the stock can drift to the levels of 820 to 830 where long term trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 920 to 930 from where the stock has broken down from the trend-line support. If the stock manages to close above these levels then the stock can move to the levels of around 940 to 945 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 850 to 860 on downside & 930 to 940 on upside.