NIIT Technologies may move to Rs 1400-1500: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Consultancy Services (TCS), NIIT Technologies all of these stocks are sitting on large rallies. They may not correct as much as the rest of the market, but chances are that they will also correct. So on declines you would like to build positions on things like NIIT Tech and TCS and my sense is this NIIT Tech move is very surprising and it shows that how much strength the stock has."

"I would not be surprised if it becomes a Rs 1,400-1,500 type of stock and goes even higher because this sort of strength early in a trend often tells you that there are some very large hands which are after the stock," he added.