IT Stocks To Buy

Stellar long-term track record, growing digitalisation augur well for IT sector funds

There is an "Inverse Head and Shoulder" pattern getting established on the daily chart. Technically, this pattern breakout over Rs 3,150 levels would add aggressive bets on the stock.

According to the technical analyst from Anand Rathi, TCS can target Rs 3,200 on the upside, while L&T Technology Services can rally to Rs 3,450.

Wipro and MindTree logged new life-time highs in trade on Thursday and can see further upside of up to 11 per cent

For Nifty IT, the immediate support comes in at 16,400 levels on a closing basis and the rally should move towards 17,500 and 17,700 levels.

Stock ideas from Anand Rathi Research