Information Technology (IT) stocks have been on a roll since Friday when Infosys announced its Q3 numbers. TCS has also rallied smartly ahead of its quarterly results today. Check out the trading strategies for key stocks with Navneet Daga, derivative analyst, KR Choksey Securities.
Smartinvestor : The markets have inched higher in opening moves today. Where do you see the Nifty headed over the next few sessions?
Navneet Daga : Well its very confusing state of trading range we have got into, we think nifty is more or less should be in range of 5950 to 6050, any break beyond this levels would create zone for movement.
Smartinvestor : Informarion Technology (IT) stocks have been on a roll since Friday when Infosys announced its Q3 numbers. TCS has also rallied smartly ahead of its quarterly results today. How should one play these large-cap IT stocks - TCS, Infosys and Wipro now?
Navneet Daga : Well quite surprising results have changed the fortunes for entire IT sector, but still we think its going to be more stock specific rather then broad based rally, wipro and HCL are best placed for anthoer 10% upside. Traders should accumulate these stock on any sharp profit taking.
Smartinvestor : What about TCS?
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