Jan 17, 2013, 01.39 PM | Source: CNBC-TV18
Sudarshan Sukhani, s2analytics.com is of the view that one should book profit in HCL Technologies.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "I think one should book profits in HCL Technologies. Two months is still a short-term horizon and today the markets have literally taken HCL Technologies to the roof. This is an ideal condition where you want to get out when the going is good. Correction in the next two months is imminent and that will bring it back to Rs 650 or 630 where it goes just now. So why not take the money and get out. The pegging order looks at what could happen in the future not what has just happened. The pegging order is Tata Consultancy Services (TCS), Wipro, Infosys and HCL Technologies.”