Anu Jain's view on TCS, Infosys

Jain told CNBC-TV18, "The fact remains that if you look at the IT index, it is indicating a sell. But if you look how the way market was closing yesterday, I think probably you could see a short-term bounce coming into the counter. So TCS has got support at about Rs 1,185 and if it can manage to hold on to Rs 1,227, you will see some kind of short covering coming into the counter."

She further added, "Same is with Infosys, so on the intraday charts, towards the closing there was a buy signal on Infosys that it could probably pullback a bit to about Rs 2,240-2,280. So where it closed at Rs 2,170, it just breached Rs 2,180 levels, which was the major support. So there was some kind of fresh shorting on to the counter but I think it is more poised right now for atleast an intermediate pullback even if there is no strong build up beyond Rs 2,240. But I think probably today or tomorrow you could see a pullback into the CNX-IT. So if you look per se out of that, I think about 2-2.5%, which it gave up yesterday the IT index, it could catch up on that again."