Go long on HCL Technologies: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "HCL Technologies is doing what Hexaware Technologies did two days ago. HCL Tech is in a narrow range. Its chart suggests every time it goes into a narrow range that there is an eventual breakout on the upside. That should come about today also. So, the slightest sense of strength in HCL Tech, we should go long in it."

"My sense is that if this market is going to be bought into at lower levels then IT stocks will continue to outperform. That outperformance will end when everyone has thrown in the towel; it is not going to end today," he adds. Also Read: Will House edit of Immigration Bill calm Indian IT fears?