INFOSYS – 1D

Important Levels Resistance: 1695 Major Resistance: 1648 Support: 1437 Major Support: 1280 Business Large-cap IT major with global exposure. Revenue heavily dependent on US & Europe tech budgets. Earnings Growth muted, guidance conservative. Stock reacting to global tech weakness and demand slowdown fears. Verdict Sharp breakdown from 1648 zone. Now sitting near 1437 support. Trend remains bearish unless it closes back above 1648.