2. As a strategy one can short the stock if it falls below the level of Rs 960 as over a period of time rebounds have also been seen in the zone of Rs 960.
3. Infosys is also facing global meltdown heat and has come in the bear grip and if it breaks the level of Rs 1159 than it can fall to the levels of Rs 1,100- Rs 1,060 over the short term.
4. Rs 1,224-Rs 1,264 marks the resistance for the stock and thus if stock fails to move above Rs 1225; it is a signal that one can short the stock and as a result stock can touch Rs 1,112-Rs 1,050 level.
5. Infosys is likely to trade sideways in the range between Rs 1,000 and Rs 1,500. One need not worry till the time Infosys trades above the level of Rs 1,000.