Go long in Infosys, says Sudarshan Sukhani

Go long in Infosys, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "We have been tracking Hexaware Technologies on the downside from Rs 130 onwards. The actual selling idea started coming when it came down to Rs 115 and it is now Rs 85 and it is not showing any signs of stopping."
He further added, "I am amazed sometimes at what the market can foresee and discount but whatever it is, I am assuming the news will come later. The stock price is not stopping, it was in a trading range after a decline and that trading range has again led to another breakdown. So it remains a short sell."
"I am long in the CNX-IT. IT stocks now are bottoming out. That process takes time, it is long drawn, it is choppy also sometimes. Sometimes you have good days and bad days but essentially the lows are held, that is the basic theme that a bottoming out process should have and that is happening.
"Yesterday we had a very bad day in IT stocks and today I assume even if there is a knee-jerk reaction on the downside in the morning that should be a buying opportunity. Infosys is the most appropriate stock to go long into. As we go into earnings season, I think there will be some momentum on the upside."