Like ITC, expect move to Rs 345: Amit Harchekar

Amit Harchekar of A Plus Analytics told CNBC-TV18, "It is good encouraging move which has happened in the market. A stock like Infosys was trading into a bubble and that is why long unwinding has started to take place and the money is flowing to defensives like ITC. We do like ITC even at these levels. We are expecting the stock to move towards Rs 345-350.""From a trading perspective, around Rs 331-333 there could be a minor resistance coming in. So, from trading perspective, you need to maintain tight stop loss of Rs 320 if you are taking long at these levels. We are expecting it to go to Rs 345," he said.Disclosure: Analyst has recommended the stock to his clients but has no personal holdings.