Hemant Thukral of Aditya Birla Money told CNBC-TV18, "In midcap IT, Hexaware Technologies has added 9 percent Open Interest (OI) but I would be buying only above Rs 159 because I have seen Hexaware every time oscillating between Rs 147 and Rs 149. So if it manages to cross today and show a back up buying coming in by crossing Rs 159 then I think it becomes a very good buy to move towards Rs 168 with a stoploss of Rs 155. If it does not show follow up buying, that means it continues to remain in the range between Rs 145-159."
"On the IT space, I would definitely like to add that till now we have not seen in the IT majors the OI being added up. So in the last two days I have not seen any major trading activity being started either on Infosys or HCL Technologies or in Tata Consultancy Services. So they should be kept on radar because if rupee does weaken or defensive does see buy for second day then definitely IT will come in radar but I have not seen the IT except for the midcaps seeing trading activity from last two-three sessions till date," he said.
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