Larsen & Toubro Infotech Ltd. - Analysis

Larsen & Toubro Infotech Ltd.
Short term positive bias continues ahead of 100MA: (1666) & (1675) resistances.

It is important to keep in mind that the 100MA zone can act as strong resistance for the price.

RSI trying to hold 40 as support but until it is able to cross 50 and hold it strongly as support there is less chance for the upside momentum.

Short term sell-off can pressurize the price to test 1600 and below that (1550) - 1530(50MA) - (1500).