Watch the interview of TS Harihar of HRBV Client Solutions with Mangalam Maloo and Reema Tendulkar on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
Below is the verbatim transcript of TS Harihar's interview with CNBC-TV18
ACC
"Cement has a very unique pattern. What happens is that normally around the monsoon time, you find shorts getting built up for a couple of months before the monsoon. And once the monsoon starts you typically find the shorts getting covered. And that is exactly what has happened in cement even this year. Once the monsoon starts, typically the shorts start getting covered in the cement space, so that is what we are expecting that next expiry, you could a lot of shorts getting covered in ACC and that would actually take the stock up. So, from a very specific short covering perspective, we like ACC for the next expiry."
IT
"When we look at the next expiry what we believe is that within the IT space, especially within the largecap space, we could see HCL Tech probably managing to outperform the other IT stocks. So, probably it could be neutral to positive over the next expiry. But the other IT companies like Infosys, TCS, to an extent Wipro and Tech Mahindra could be under a lot of pressure for a variety of reasons. Infosys and TCS could be under pressure more because of that ongoing Visa dispute that is still on and Tech Mahindra and Wipro, because they have fairly large exposure to the energy and telecom space, could continue to be under pressure over the next expiry."
"So, in terms of a trade, it should be a long HCL Tech and we should either be neutral or negative on most of the other technology companies. In midcap IT we believe the pain could be much longer. You have seen Persistent System’s outlook yesterday which was quite negative. Midcap IT could really feel the pressure probably over the next couple of quarters and we would still suggest either stay off or probably be on the short side in midcap IT stocks," he said.
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