Infosys (INFY)

Technical View: Infosys closed at ₹1,514 (+0.37%), continuing its recovery from recent lows near ₹1,450. The stock has reclaimed short-term moving averages, signaling a base-building phase. RSI at 57 reflects improving strength after prolonged weakness. Immediate support lies at ₹1,480–₹1,460, while resistance is seen near ₹1,540–₹1,560. A sustained close above ₹1,560 may open up targets toward ₹1,620+. Fundamental View: Infosys remains one of India’s top IT exporters, benefitting from AI-driven digital transformation and cost-optimization deals from global clients. Though near-term demand is subdued due to global slowdown, deal wins remain healthy and margins stable. The long-term thesis of tech adoption, automation, and AI integration keeps the outlook positive. Outlook: Both Reliance and Infosys are showing signs of accumulation and early recovery after consolidation. A sustained breakout above their respective resistance zones could mark the start of a fresh medium-term uptrend.