Jai Bala's view on Infosys, TCS

Bala told CNBC-TV18, "The structure for Infosys is a bit dicey for the short term but the medium term outlook is quite clear. Whether or not today the stock goes for a pop up or comes down, I think in the medium term the stock is bound to come down to about Rs 1900 levels, so you must play that accordingly."

He further added, "There is a huge gap between Rs 2700 and Rs 2500 for Infosys, probably it could bounce to that level and come down or can straight away come down, that’s very difficult to predict at this point in time because it’s a complex correction. But if you look at TCS it’s got maximum of about Rs 100-150 upside. It has satisfied the minimum condition required to finish the ending wave. So, here again if you are already in the money, it's ideal to take profits and stay neutral on the stock here."