Buy IT stocks on every correction : Technical Trends

IT as a pocket- would you look at it at all at this juncture?

Sudarshan Sukhani: Yes of course because it is one of the outperformers and we do not expect the outperformers to stop suddenly, so every small correction in the IT packet is a buying opportunity.

Which stocks would you probably look at considering the huge gap that we are seeing even in terms of price performance between the large cap stocks and the midcap IT stocks?

Sudarshan Sukhani: That gap has been consistent it has been there always but it is better to go with the large cap stocks and I start with TCS and then Infosys and Wipro in that order. In the midcap stocks Polaris and MphasiS are giving excellent charts which suggests much higher levels so while the risk is more then reward could also be more in those two stocks.