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Oscillators imply short-term weakness in Infosys. The close below the 200-day average is also a negative.

However, the short-term support for the stock is present at Rs 1,900. If the stock bounces from here, it can spend a few weeks moving between Rs 1,900 and Rs 2,150. The short-term outlook will turn positive only if the stock closes firmly above Rs 2,150. Conversely, a move below Rs 1,900 will give the medium term target of Rs 1,840 and Rs 1,700 to the stock. Investors can hold with a stop at Rs 1,880.

Lokeshwarri S. K.

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