Go long in HCL Tech: Aditya Agarwal

Aditya Agarwal of Way2Wealth told CNBC-TV18, "We are seeing some fresh buying in all the IT counters in last 2-3 trading sessions and we are seeing some fresh long positions getting built up. For last two months, all the IT stocks were trading in a range. HCL Technologies was trading in a range of Rs 1,175 and Rs 1,040 levels and now the stock is giving a breakout from this range with some fresh long positions getting built up at lower levels."

"We expect that this rally which we have seen in IT counters will continue for some more time. On higher side HCL Tech may test Rs 1,210 in short-term and in 10-15 days perspective our target is Rs 1,240-1,250. So overall we are bullish on HCL Tech and we are recommending our clients to make long positions with a stoploss of Rs 1,155," he said. Disclosure: He does not hold any positions in the above counter.