EquityPandit’s Outlook for Infosys for the week (September 07, 2015 – September 11, 2015):
INFOSYS (NSE: INFY) closed the week on negative note losing more than 3%.
As we have mentioned last week that if the stock manages to close above the levels of 1130 the stock can move to the levels of 1190, but the stock manages to hit a high of 1134 on intraday basis and sold off to the levels of 1067 during the week.
If the stock drifts below the levels of 1067 the stock can move to the levels of 1040 where upward moving trend-line for the stock is positioned.
If the stock manages to close above the levels of 1130 the stock can move to the levels of 1190.
Broad range for the stock in the coming week is seen between 1020 to 1040 on downside to 1120 to 1140 on upside.