Short Mphasis and long Patni on an equal value: Devang Visaria

ET Now caught up with Devang Visaria, Chief Strategist, Devangvisaria.com, to get views on IT stocks.

ET Now: Anything that is standing out from the IT space, Patni, how are the charts looking there?

Devang Visaria: Patni is definitely very strong. In fact, Patni is something like what Triveni was in the sugar pack. So you had Triveni holding out and rest of the sugar stocks going down because of this story of demerger etc. on Triveni.

Similar thing is like around Patni, you could have a possible pair trade, long Patni and short Mphasis BFA. Because BFA one of the weakest IT stocks and you could have an equal value trade on this one. Short Mphasis and long Patni on an equal value basis, this should be a good trade.