Sukhani positive on IT stocks

Sudarshan Sukhani of s2analytics.com is of the view that if the market remains cheerful IT stocks have a good bounce up still here, they are worth looking into.

Sukhani told CNBC-TV18, "I think IT at least in the short-term is bottoming out. It is not just today it is also the fact that individual stocks whether it is Infosys or Tata Consultancy Services (TCS) or more importantly HCL Technologies are coming down to support level. Yes, I would say there is more steam ahead. A lot of the market movement will depend on how the market response to RBI tomorrow. But if the market remains cheerful IT stocks have a good bounce up still here, they are worth looking into."

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