Buy Tech Mahindra, advises Aditya Agarwal

Aditya Agarwal of Way2Wealth told CNBC-TV18, "Tech Mahindra saw good correction from Rs 1450 levels but on lower side Rs 1260-1280 was a very strong support. It was a trend line support area. We are still seeing some short covering in this counter and we are expecting this short covering may continue and on higher side the stock may test Rs 1410 levels."

"Overall, if one sees the technical charts it is looking good. On derivative side, we are still seeing short covering. So, overall the counter is looking positive with the target of Rs 1400, one can go long keeping a stoploss of Rs 1320," Agarwal said. Disclosure: Couple of stocks which we have discussed we have already been recommended to our clients so they may be having some positions but personally I do not hold any of the position.