Description
⋅ Infy CMP 899.50
In the previous post when Infy was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone.
Despite Infy offering Share buyback at 1150...
despite Infy seeing the return of respected Nandan Nilekani on the board...
we have seen price rejection in Infy stock price right in the zone (of 930-960) that charts were highlighting...!!! :-)
The stock may remain sideways for some time with down ward bias
Tc and safe trading...!!!