Mphasis could go lower towards 310-315: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check) shares his views on Mphasis stocks.

On the charts Mphasis and Oracle Financial Services?

Mphasis was outperforming, but I guess it has some kind of BPO business. Chances are that it could go lower towards levels of 310-315 but OFSS that something I do not track too closely but Mphasis is making a base around. It is 290 to about 330 zones. Chances are it could head to the lower end of that range.