Infosys has resistance at Rs 1,925: E Mathew

Technical Analyst, E Mathew is of the view that Infosys Technologies has important resistance zone of Rs 1,925.

Mathew told CNBC-TV18, "Infosys is going into results with muted positive expectations. But the fact that the scrip has easily sustained above Rs 1,750 is very important. There is a possibility if the results are received reasonably well by the Street. We could see the scrip go possibly all the way up to Rs 1,890 and also that important resistance zone of Rs 1,925. Surely this cannot be considered in isolation because it would have the effect of pulling the Nifty along too."

Disclosure: During the course of the interview we may be discussing stocks & sectors, in which analyst hold trading positions and in which he may have an interest.

Currently -15.6% below the 52-week high of 2,140.00 Currently 49% above the 52-week low of 1,212.20