Anil Manghnani of Modern Shares & Stock Brokers is of the view that above Rs 1785, Infosys Technologies can go upto Rs 1970.

Manghnani told CNBC-TV18, "I am not overly surprised with IT sector’s performance. From the last month or two-months I have been saying that along with, normally typically when you say defensive sectors, you talk about FMCG and pharma, but clearly IT has been added to the pack. After the results, under ownership coupled with short may be hedge positions in F&O has caused this rally to start and now people are playing catch-up to the rally.

He further added, "Infosys has hit a major target at Rs 1,785, so probably one can buyback the fall. If it crosses Rs 1,785 then the next target be quite significant closer to Rs 1970 sort of levels."

"Satyam looks strong but it keeps falling from that Rs 485 and today it actually tried to breakout intraday, it even went past Rs 490 but the fact that the way it has closed towards the end at Rs 470 odd, again tells me that Rs 485 is a major barrier."