EquityPandit’s Outlook for Infosys for week (July 27, 2015 – July 31, 2015):
Infosys (NSE: INFY) closed the week on positive note gaining more than 8%.
On 21/07/2015, company announced the quarterly results which were above expectation and stock opened gap up of close to 5% and kept moving northwards.
The stock made the high of 1149 levels during the week.
Support for the stock lies in the zone of 1050 to 1060 where short term moving averages are positioned.
Resistance for the stock lies in the zone of 1120 to 1150 levels.
Broad range for the stock in the coming week is seen between 1050 to 1060 on downside to 1130 to 1150 on upside.