Sudarshan Sukhani, s2analytics.com advises intraday traders to buy TCS at current levels.
Sukhani told CNBC-TV18, "For Infosys , there is no strategy now. It is far too gone to consider buying and certainly it is not a short selling candidate any more. Today was a very unusual day for Infosys, for any largecap stock."
He further added, "We have to let Infosys be and find out what it markets think of it. That will take months. But there is a strategy for Wipro , for HCL Tech , for TCS as well as for a number of good quality midcap stocks, Geometric, Hexaware and the strategy is that I am assuming that the small dips we are seeing are essentially that dips. So we would like to buy these dips once earnings are out of the way. So, we want to buy the dips only after TCS announces earnings and so on. There is no sense in standing in front one day before the earnings and buying that. The trade should be to buy it. For intraday traders, you can buy irrespective of earnings."
Sukhani told CNBC-TV18, "For Infosys , there is no strategy now. It is far too gone to consider buying and certainly it is not a short selling candidate any more. Today was a very unusual day for Infosys, for any largecap stock."
He further added, "We have to let Infosys be and find out what it markets think of it. That will take months. But there is a strategy for Wipro , for HCL Tech , for TCS as well as for a number of good quality midcap stocks, Geometric, Hexaware and the strategy is that I am assuming that the small dips we are seeing are essentially that dips. So we would like to buy these dips once earnings are out of the way. So, we want to buy the dips only after TCS announces earnings and so on. There is no sense in standing in front one day before the earnings and buying that. The trade should be to buy it. For intraday traders, you can buy irrespective of earnings."
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