Short HCL Tech, says Amit Harchekar

Amit Harchekar of A Plus Analytics told CNBC-TV18, "HCL Technologies has already formed a major top on February 23 and thereafter the stock was almost moving sideways. We believe that the stock has good potential to move lower, we expect it to move towards Rs 910-920 because in last two trading sessions, the stock has seen long unwinding process."

"We don't think that the stock has potential to move beyond Rs 1015. One can initiate short at current level, maintain a stoploss at Rs 1015 on the future side and we can expect a target of Rs 920," he said.