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Infy, TCS, Coforge: IT stocks could be the best bets this earnings season

The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters

data, server, internet, IT, information technology, jobs, AI, automation
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IT stocks

Avdhut Bagkar Mumbai
NIFTY IT INDEX
Likely target: 40,000
Upside potential: 2.50%

The IT index continues to claim a new all-time high with a robust outlook for coming sessions. The immediate support comes at 38,000 levels and as long as this neckline is held, the bullish optimism should head in the direction of 40,000. The breakout above 38,000 mark suggests a firm upward direction, according to the weekly layout. CLICK HERE FOR THE CHART

Infosys Ltd (INFY)
Likely target: Rs 2,000 and Rs 2,100
Upside potential: 7% to 11%

The medium-term outlook is quite bullish for the Infosys Ltd. The breakout above