HCL Technologies has support around Rs 370, says Rakesh Gandhi, Senior Tech Analyst at LKP.
Gandhi told CNBC-TV18, "HCL Technologies has support around Rs 370. Infosys is already near to its major support, which it has seen when market was at around 4,750 level, at that time it has made a low of Rs 2,169 and currently it is also trading around that level of Rs 2,200 which is quite near and it has made a low of Rs 2183. So I believe it is also quite near to its previous lows that were seen before three weeks."
He further added, "In TCS also similar kind of movement is seen but it is quite far from the lows that we have seen when Nifty was trading around 4,750. At that time TCS was around Rs 900 and now it is trading at around R 990 so it is little bit far off from that level. I would believe that in coming days we could see the stocks trending towards the lows that we have seen at 4,750."
Disclosure: I do not have any exposure but at LKP we are regularly recommending the stocks.
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