Rahul Mohindar of Viratechindia sees good upside in TCS, Infosys and Wipro on the short-term.
Mohindar told CNBC-TV18, "I think the short-term move is still definitely going to be stay on and I would recommend holding on to across the board if I look at TCS, Infosys, Wipro. I see good upside on the short-term; I think the momentum is well built with volatility as well as volume. So I think its here to stay, it’s not something which would fizzle out maybe in two-three days."
He further added, "I would continue to believe that there is an opportunity here but the question would I buy these stocks at these levels. If one already been in it - its fine but entering at these levels would be quite a risk. I see Infosys headed possibly towards somewhere in the belt of Rs 1,900-2,000 wait phases, its severe long-term resistance belt."
Disclosures: It is safe to assume analyst and his clients may have an interest in the stocks/sectors discussed.