Mindtree may outperform in near-term: Sudarshan Sukhani

Sukhani told CNBC-TV18," NIIT appears to have good chart but Mindtree itself has some very good charts which is very surprising after significant rallies Mindtree has again broke out of a consolidation pattern and it is suggesting that it is likely to go to its earlier highs between Rs 800-900. That means there is some money to be made from current prices. Keep a stop somewhere around Rs 520 because a stop loss is necessary to prevent large losses. If a sudden correction starts you do not want to hold stocks when a deep correction is going on. But beyond that Mindtree is one of the outperformers in the midcap IT space and is likely to be so in the near term."