Infosys plunged 3.6 per cent witnessing selling pressure in the previous week. Traders with a short-term perspective can consider holding their short position with a stop-loss at ₹3,650 level. The short-term targets for the stock are ₹3,450 and ₹3,350. The indicators in the daily chart are sloping downwards in the neutral region, in line with the stock price. On the upside, the stock has key resistance in the zone between ₹3,700 and ₹3,750. A decisive move above this band will take the stock higher to ₹4,000 in the medium-term. Investors with a medium-term perspective can hold their long positions with a stop-loss at ₹3,150 level.
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