Infosys looks pretty strong: Bose

Technical Analyst, Rajat K Bose is of the view that Infosys Technologies is looking pretty strong on the charts.

Bose told CNBC-TV18, "This rally is likely to be spear headed by stocks like Reliance Industries or Reliance Petroleum. Reliance Petroleum was one stock that was showing lot of considerable relative strength and the whole IT pack led by Infosys that is also looking pretty strong on the charts. Chances are that one would see good buying into IT stocks, Reliance, Reliance Petroleum, Aban, Sesa Goa since they have corrected quite a bit."

He further added, "Capital goods stocks like Larsen & Toubro, BHEL they are also showing that the bounce could be for real and I can already see that while the price movement that there has been a huge amount of short covering in the realty stocks which are otherwise very weak, when you look at relative strength."