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Information Technology

Momentumisers: Here’s why Infosys is moving up consistently and what next

Updated : March 09, 2021 09:31 AM IST

Infosys share price has surged from Rs 1,240 apiece to around Rs 1,340 in the last 10 days. The uptrend in the IT stock has come with a bit of short-covering because the open interest is down by close to around 5 percent and it is close to above 20-day moving average (DMA), 50 DMA as well as 100 DMA.

If Infosys can hold on to Rs 1,215 to Rs 1,300 levels then it will be interesting to see if the stock can trade higher.

Watch the accompanying video of CNBC-TV18’s Nigel D’Souza for more details.
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