TCS may move to Rs 2200: Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, "If you look at global markets there has been a sudden sell in a lot of technology stocks across the world yesterday, which is sort of getting missed out because the focus today is on banking in India per se. So a lot of people are missing out this big trend of technology stocks being overvalued and people moving away from technology into core traditional sectors, so that trend would continue in February."

"We could see some amount of selling in big names like Tata Consultancy Services (TCS), where the valuations are high and positions are also slightly high from FIIs stand point. So have a target of about Rs 2,200 in TCS," he added.

Disclosure: Analyst holds some RIL shares.