Sell Tech Mahindra, Mindtree: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The back of the IT sector is broken. Now there will be certain days when it does not fall and certain another days when it falls hugely. Now that Infosys and Tata Consultancy Services (TCS) has set that tone, probably the other companies don’t need to come out with results because they will get hammered anyways. So, that bloodletting should continue and that will put a cap on the Index.""So, Tech Mahindra is a sell with a stop loss of Rs 510 for target of Rs 485. Mindtree is a sell with a stop loss of Rs 645 for target of Rs 610," he said.