NEW DELHI: The deep cut in the last few days appears to have found bargain buying in HCL Tech, providing a window for upside reversal, says Anand James, Chief Market Strategist at Geojit Financial Services. “But, should it fail to float above Rs 1135, a new leg of downsides could unfold,” he said, adding that … Read more
Varun Saboo, Head Equities, Anand Rathi, says we are seeing all the midcap IT companies coming and giving a higher guidance versus fears settling in after Infy numbers. I do not see any challenge. It was more, Infy specific, probably a quarter’s problem. One has to keep an eye on TCVs and how things shape … Read more
“People hope that it is a bottom but it does not end up being a bottom because the markets go on to make a lower low. So I would remain bearish. I think this is just a short-term pullback that will get sold into at higher levels,” says Gautam Shah, Goldilocks Premium.It looks like bulls … Read more
The Nifty managed to close above the support zone of 16,750-17,000, but absence of momentum is hindering an upmove. Technical analysts expect the index to consolidate in 16,450-17,450 range till October F&O expiry. Analysts said stocks such as , , ABB, , Angel One, , and could witness strength in the near term. ASHISH CHATURMOHTA … Read more