last two month for IT sector is not good regarding profit margin because Rupee continue taken recovery at 67-68 to 60 against dollar. As well as Nifty and sensex continue increase last three month nifty future make high at 6900 and low three month is 6040.55.
after feb month rate sensitive share taken recovery from lower level and rise more than 40% within three month.
IT share trend:
After Quarter result of April month and better market growth in US , IT share can reform and provide good result.
Infosys Trend: for 3-4 month trend of infosys look good, company increase guideline for 2015 and changing management and CEO so growth story clear for infosys now share traded at 3192 and should be see 35,3700 level net three -4 month.
HCL TECH: hcl tech largest 4th ranked of India, company growth is well planned and share may be touch 1450 to 1650 level,
TCS : tcs Quarter result increase profit 0.5% or 5358 crore, company add more client in this year and convert 9 big deal for increase business. Share may be increase 2250 to 2800 level.
Wipro: wipro Q4 result increase 10.5% profit at 2226 crore, on jan-feb company add 59 new client , guide line for 2015 is 171.5 to 175.5 crore dollar for first Quarter, Share may be increase 590 to 750.
Nifty trend :
nifty close at 6775 level so resistance at 6823,6842,6873 ,support level for nifty is 6746,6713,6687
nifty should be buy above 6780 and sell below 6756 on tomorrow.
Stock future and option tips :
buy LT future above 1275 target 1280,1285,1289 stoploss 1270
option call: buy axis bank 1430 call above 30 target 35,40 stoploss 22
option call: buy nifty 6800 call above 40 target 50,60,70 stoploss 25