Short TCS, Wipro, HCL Tech on every rise: Malkan

Vishal B Malkan, malkansview.com advises to short TCS, Wipro and HCL Tech on every rise.

Malkan told CNBC-TV18, “The only thing which is looking short on the short side is the IT sector. On every rise I would like to short Tata Consultancy Services (TCS), Wipro or an HCL Tech, other than that all sectors are looking good.” On April 29, Tata Consultancy Services (TCS) closed at Rs 1,370.70, up Rs 2.50, or 0.18 percent. It has touched an intraday high of Rs 1,385.55 and an intraday low of Rs 1,365. On April 29, Wipro closed at Rs 341.90, up Rs 11.80, or 3.57 percent. It has touched a 52-week low of Rs 327.55.