Aug 08, 2013, 10.38 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that Tata Consultancy Services (TCS) may slide towards Rs 1,500.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
"An immediate day trading short-term target is Rs 1,650, but that is only today's target or maybe for a couple of days. I would assume that a slide towards Rs 1,500 is very likely. This is the first of the IT stocks that will crack because the virtual vertical rally cannot be sustained and a similar decline is coming," he said.
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