Find out: How should you play IT stocks today?

In an interview with CNBC-TV, Anu Jain of IIFL Private Wealth Management  gave her readings and outlook about the market.

"In the IT majors, I would play TCS today because, it is always seen that if Infosys  gives good results TCS follows it up with a good performance price, I would probably bet on that, she added. Below is the verbatim transcript of Jain's interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: What did that big-big Wednesday rally looked like? A: It was more of a short covering rally and honestly the momentum which was there was not surprising. Even when we were discovering last week we said that consolidation will set in and then the momentum will kind of set in back again. So, we saw that consolidation happen for about three- four session and then even though we opened gap down as soon as we crossed 5,840 on the futures there was definite cutting of short positions which started and 5,905 on the futures gave another round of short covering. You may see something very similar to if we kind of maintain 5,905 so there would because shorts haven