Infosys is showing technical weakness ahead of its July 23 Q1 results, says analyst Vijay Gupta. The stock faces resistance at ₹1,600 and support at ₹1,565, with bearish signals from CCI and OBV. Volume surged, hinting at institutional moves, but price action shows selling pressure. Gupta advises caution, urging fresh longs only above ₹1,620 with improving momentum.