INFY

Infosys reclaiming ₹1,900 after the Fed rate cut commentary is textbook price action. Notice how the IT index was quietly outperforming while everyone was chasing defense and PSU stocks. The 20 EMA on weekly chart is pointing straight up.

That $1.2B European deal renewal proves that discretionary spend is finally thawing. Subcontracting costs dropped from 8.2% to 6.8% of revenue. Operating margins can easily hit 22% next quarter.

Watch the ₹1,940 swing high. That was the rejection level last month. If it breaks out with volume above 1,945 on 15-minute close, we see an easy run to 2,020. Otherwise, wait for retest near 1,885.