Infosys and TCS: Two IT stocks that you can buy today

Stock ideas from Anand Rathi Research

NIFTY OUTLOOK

Nifty seems to have completed a five waves rising structure from the lows of 9951.90 to 10929.20 and a retracement of the same is expected. The ongoing correction is a part of the same retracement. A minimum of 50% retracement level comes to 10440 levels. On the upside, there is a resistance at 10,700 levels, which is the neckline resistance of the bearish head and shoulders pattern from which it had broken down. The range for the Nifty till the F&O expiry seems to be 10,440-10,700 levels. 

STOCKS TO BUY TODAY

TCS

TCS has provided a breakout from an ascending