Enter HCL Technologies between Rs 750-780: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "IT space, if your perspective is very short-term then definitely not. The charts are not suggesting that there would be any major run as such. However, I would say that sometimes you can play contrarian and hope that situation would turnaround. I personally prefer looking at industries and sectors where things are actually in real bad shape and they provide you very good entry points."

"To enter into HCL Technologies, reasonable price entry point would be between Rs 780 and Rs 750 and this is comparatively a better performer compared to the rest of the leading ones like Infosys, Tata Consultancy Services (TCS), Wipro or Tech Mahindra. Among these five, HCL Technologies seems to be a better performer. So, probably Rs 780-750 would be a good entry point," he added.