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Tuesday, April 24, 2012
Sell Infosys on rally
Sukhani told CNBC-TV18, "I wouldn’t touch Tata Consultancy Services (TCS) for buying. It will come down quite dramatically and that will be the time for us to go long in it and for investors to buy it. HCL Technologies is the only one among the four where a buy is possible.”
He further added, “Infosys remains a sell on rallies. Technically, Infosys stopped falling and then hold on for not just a couple of days, for week altogether. So since that process has not started, I cannot make a call where it will stop. There is no sanctity to Rs 2,200. Earlier we used to talk about Rs 2,200 for State Bank of India (SBI), it fell all the way to Rs 1,700. So it is quite possible Infosys can follow the same track."
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