Buy HCL Technologies on dip, advises Kunal Bothra

Kunal Bothra of LKP told CNBC-TV18, "The IT pack is more or less trading on a strong footing today. Wipro, Infosys as well as HCL Technologies are doing slightly better today. One of the very important levels to watch would be 50 day moving average and for HCL Technologies it is somewhere hovering around Rs 950 level."

"There is a tendency that whenever the stock probably corrects after a very strong run, one probably tends to bounce from a very decent average and I think for HCL Technologies it is very close to Rs 950 probably from a positional view. So I would take any sort of corrections for HCL Technologies as a good buying opportunity," he said. Also Read: HCL Tech bags contract from UK-based Anglo American Disclosure: He does not hold the stock, but stock discussed may have been recommended to clients.