Upbeat on IT, prefer Hexaware, Jet Air may head higher: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Hexaware Technologies had a small dip, that dip led to a big rally on Friday. It should now resume and we should see bigger gains coming in. It is a midcap outperformer and generally, I am upbeat on the IT index. I have been talking about buying Infosys and Tata Consultancy Services (TCS) or even Infosys alone, which actually substitutes for the IT Index. Hexaware just happens to be one of the better midcaps in the IT segment and it is poised for big momentum gains." "Jet Airways is more of a hope trade. It has been moving in a trading range for two months now. The sense is that it could breakout. It has not done a breakout yet, so we are anticipating a breakout on the upside," he said.