Bhamre told CNBC-TV18, "ICSA is a trading call and not an investment call and we have observed 93% of rollover took place in this counter, midcap IT stocks are buzzing along with largecap. Correction from Rs 150 to Rs 135 was mainly because of long unwinding rather than formation of shorts. It has a good support in a range of Rs 133 to Rs 130."
He further added, "I think current levels can be use to go long since last three days that is beginning of this series we are seeing some formation of long position. So go long around Rs 135. We expect this stock to go back to Rs 150 and fix a stoploss of around Rs 127 and trade with positive bias."
