HCL Tech Daily

IT sector could again witness a pullback as the exciting times for the index seem to be getting stalled. The trends in individual stocks are showing that the resistances are curbing the rise.The prices are now showing exhaustion and heading lower. After a strong challenge to the upper end of the channel during the Q1 results the prices have retreated quite swiftly lower indicating a good opportunity for going short. Daily Channel moves seen since last one year continues to persist in keeping the prices under check.