Sudarshan Sukhani, s2analytics.com is of the view that one can buy HCL Technologies .
Sukhani told CNBC-TV18, "HCL Technologies is an excellent chart, we have talked about it earlier that this is the only IT stock among the largecap that is suggesting significant upside and that upside is intact. In fact after this big up move we are on the verge of breaking out, so we are just crossing a hump of resistance above which we can see another 50 points of rally. So, HCL Tech is a buying opportunity at current levels."
He further added, "In this market everything comes with risk but it's not relative risk now. At this point stocks that have the potential of moving up high beta stocks but have not done so yet that should be the focus. So the patent stocks which are now just recovering the chances are that they are going to become the favorite for the next 100-150 points if we come about. So stocks with big run ups like we have seen sugar, we have seen infrastructure, big run ups will now lead to corrections and waking up stocks are a good idea."
