Infosys, Mphasis, TCS: IT stocks can minimize your losses in portfolio

Major IT stocks are either on verge of breakout or holding the positive bias, the positive sentiment may see up to 10% gains

NIFTY IT INDEX
Likely target: 38,000
Upside potential: 3%  

Following the firm support of the 100-day moving average (DMA) placed at 33,770 levels, the index is attempting to engulf the resistance range of 36,800 to 36,500 levels. Upon conquering this hurdle, the breakout could lead a rally towards new all-time high of 38,000, as per the daily chart. The Moving Average Convergence Divergence (MACD) has successfully crossed the zero line signalling a positive direction with an upward momentum. CLICK HERE FOR THE CHART

Infosys Ltd (INFY)