Infosys, TCS top picks in IT space: Sukhani

Sukhani told CNBC-TV18, “The IT sector has been outperforming and these are cycles. Cyclically we are now seeing high beta sectors like real estate, infrastructure, and banking do better. But IT cycle will come. And the dip is the ideal location to go long in it. So my first favorite is Infosys, it is the best stock currently. Once it crosses Rs 2500 decisively it starts filling up that gap it had created. Technically it represents the best opportunity and then TCS. I think these two are enough.”

He further added, “I am not a big fan of the entire real estate sector. So I really have a choice. I think the two stocks that should do very well and they are liquid and they are relatively larger so I like them are HDIL and Indiabulls Realty. Both of them have made bullish chart patterns, have broken out of them so both suggests that there is much more upside. Viewers must also understand that while a lot of realty stocks have gone up, unless they know the company well its far better to stick with quality that is why the two names where I am tracking and which I am likely to trade in.”