TCS may touch Rs 2200, says Abhijit Paul

Abhijit Paul  of Alphative Advisors LLP told CNBC-TV18, "Tata Consultancy Services (TCS) is one stock that can inch further up for a test of Rs 2,200 on the upside. Use a tight stoploss close to Rs 2,100 mark."

"Within the banking space Kotak Mahindra Bank is one which is holding fairly okay to its trend. It is very close to the stoploss of Rs 735. If it holds on well to this current price it can have the potential to move further up for a test of Rs 770," he said.
"Reliance Communications (RComm) has broken down and moved into a downtrend. I sense that the stock is weak enough for a test of Rs 135 and can actually extend further for Rs 130. Use a stoploss close to Rs 150."
"Power Grid Corporation of India is in a strong downtrend across all timeframes. It is clearly in a weak phase. I sense the target of Rs 93 for Power Grid and use a stoploss at Rs 97."