Hexaware Technologies may test Rs 1035: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have seen strong buying action in Hexaware Technologies, Infosys and HCL Technologies after the sharp decline in the market. HCL Technologies has taking sustained buying interest near Rs 930-950 zone. We have seen some build-up of long positions in the last couple of trading sessions and even after the market pressure the stock is holding the gain."

"We are expecting it to move on higher side as it is taking support near 50-day moving average. Therefore, keep a stop loss of Rs 960 and trade for the upside target of Rs 1,035," he said.

Disclosure: Analyst has no personal holdings.