The stock was consolidating during the trading hours and ended on a negative note. The stock is now facing resistance at 1063 which is the 50 day moving average of the stock and has support at 1040. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.

R - 1063

S - 1040

ICICI Buy

Above - 1047.15

Tgt - 1055.15, 1066.60, 1086.00

SL - 1034.45

INFOSYS showed little correction today after steep rise of previous session. The stock has now support level at 2830 and resistance level at 2912. The stock is expected to remain in positive phase and to test its resistance level in short term.

R - 2912

S - 2830

Infosys Sell

At - 2860

Tgt - 2852, 2844, 2831

SL - 2872.05