EquiyPandit’s Outlook for Infosys for the week  (Sep 03, 2018 – Sep 07, 2018) : 

INFOSYS:

INFY closed the week on positive note gaining around 4.60%.

As we have mentioned last week, that minor resistance for the stock lies around 1400 to 1420. Resistance for the stock lies around 1430 to 1450 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1480 to 1500. During the week the stock manages to hit a high of 1454 and close the week around the levels of 1441.

Minor support for the stock lies around 1400 to 1420. Support for the stock lies in the zone of 1360 to 1380 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1320 to 1340 where Fibonacci levels are lying.

Resistance for the stock lies around 1450 to 1460 where the stock has formed a top in the month of August-2018. If the stock manages to close above these levels then the stock can move to the levels of 1480 to 1500.

Broad range for the stock in the coming week is seen between 1360 to 1380 on downside & 1480 to 1500 on upside.