Short TCS, target Rs 2550: Aditya Agarwal

Aditya Agarwal of Way2wealth told CNBC-TV18, "For last three-four days all the IT stocks are under pressure. We are seeing some short positions getting build up in CNXIT futures from last two trading sessions. In today’s trading session again we have seen heavy sell off in IT sector."

"We are expecting from these levels TCS may see some more correction, Rs 2,600-2,610 is a good level where one can go short keeping a target of Rs 2,550 on lower side and one can keep a stoploss of Rs 2,630 on higher side," he added.