INFOSYS Result Based View


Infosys will declare its result tomorrow. Currently Infosys is around the strong resistance region marked in the chart.This is a very strong resistance as it was formed a long time ago.Even with Nifty fall today Infosys hasn't fallen much due to speculation around the result. Even after factoring the decline due to ongoing crisis Infosys has been able to put up a good performance. TCS aslo earlier this month declared its result and was able to drive a small rally upward.Expecting INFY to beak this support zone tomorrow and move toward the next resistance.