TCS, Wipro, Infosys, TechM, HCL Tech: Buy these stocks for up to 19% return

Infosys continues to defend the support from past four months; TCS shares have three supportive technical parameters that attract buying and accumulation.

NIFTY IT INDEX
Likely target: 37,500
Upside potential: 5%

The Nifty IT index violated the stiff sideways support of 33,900 levels lately, but did continue to dive lower as the follow-up selling pressure failed to build a negative sentiment. The current reversal with constant four green closes hints towards an accumulation and build-up of they underneath strength. The index is likely to travel in the direction of the 37,500 level, which is the next major obstacle. CLICK HERE FOR THE CHART
               
Infosys Ltd (INFY)
Likely target: Rs 1,950 and Rs 2,100
Upside potential: 10%