Buy Mphasis at dips: Ashwani Gujral
Mphasis Rs 485-490 is a stiff resistance and chances are that post Infosys results, this could come down to about Rs 410-415.
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his views on mid-cap IT stocks
On the charts for an Mphasis, Rolta or even a Polaris?
These are not the mid-cap techs, which are showing strength, so Polaris at Rs 185 is a fairly key level and since techs have started weakening today, this has been a short recommendation and it is likely that when it goes into results, it will be around Rs 165. Even Mphasis Rs 485-490 is a stiff resistance and chances are that post Infosys results, this could come down to about Rs 410-415, so while these mid-cap ITs are buys but probably at lower levels, not at current levels.
On the charts for an Mphasis, Rolta or even a Polaris?
These are not the mid-cap techs, which are showing strength, so Polaris at Rs 185 is a fairly key level and since techs have started weakening today, this has been a short recommendation and it is likely that when it goes into results, it will be around Rs 165. Even Mphasis Rs 485-490 is a stiff resistance and chances are that post Infosys results, this could come down to about Rs 410-415, so while these mid-cap ITs are buys but probably at lower levels, not at current levels.
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