SENSEX NIFTY
Jan 28, 2013, 11.14 AM IST | Source: CNBC-TV18

See higher levels in Tech Mahindra: Sukhani

Tech Mahindra has now gone through a very mild correction after a big rally. That correction was over on Friday. The chances are that it will go and take new highs for this upmove, says Sudarshan Sukhani of s2analytics.com.

Tech Mahindra has now gone through a very mild correction after a big rally. That correction was over on Friday. The chances are that it will go and take new highs for this upmove, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Tech Mahindra was a buy earlier also and the stock has now broken all resistance levels. It is willing to go much higher. That together with its associate Mahindra Satyam seems to be one of the best opportunities now in the midcap IT segment."

He further added, "I am not sure how to classify Tech Mahindra. I am just assuming it is midcap IT. The stock has now gone through a very mild correction after a big rally. That correction was over on Friday. The chances are that it will go and take new highs for this upmove. It is a very nice stock to be positioned in. Since the Mahindra Satyam was doing the same thing it is wise to focus on Tech Mahindra which is probably a better idea."

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