Information Technology (IT) stocks have been on a roll since Friday when Infosys announced its Q3 numbers. TCS has also rallied smartly ahead of its quarterly results today. Check out the trading strategies for key stocks with Navneet Daga, derivative analyst, KR Choksey Securities.
Smartinvestor : The markets have inched higher in opening moves today. Where do you see the Nifty headed over the next few sessions?
Navneet Daga : Well its very confusing state of trading range we have got into, we think nifty is more or less should be in range of 5950 to 6050, any break beyond this levels would create zone for movement.
Smartinvestor : Informarion Technology (IT) stocks have been on a roll since Friday when Infosys announced its Q3 numbers. TCS has also rallied smartly ahead of its quarterly results today. How should one play these large-cap IT stocks - TCS, Infosys and Wipro now?
Navneet Daga : Well quite surprising results have changed the fortunes for entire IT sector, but still we think its going to be more stock specific rather then broad based rally, wipro and HCL are best placed for anthoer 10% upside. Traders should accumulate these stock on any sharp profit taking.
Smartinvestor : What about TCS?
Click here for the full transcript
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app