Infy, TCS, HCLTech: IT stocks staring at further losses; hint tech charts

Technical outlook on IT stocks: Infosys, TCS HCL Technologies and Tech Mahindra may slip up to 9% from present levels, suggest charts.

The NSE Nifty IT index was down 0.8 per cent at 37,055 levels in trades on Monday, as uncertainty on US tariffs rose after Donald Trump administration official suggested that 'reciprocal tariffs' would stay despite legal challenges.  The US President Donald Trump's Commerce Secretary Howard Lutnick on Sunday said that the "reciprocal tariffs were not going away".  On Monday, among individual IT stocks, Mphasis tumbled nearly 7 per cent, Persistent Systems and HCL Tech slipped near about 2 per cent each. READ MORE  Meanwhile, on the technical charts, the Nifty IT index and key