HCLTECH ; HAVING A DREAM RUN

BUY HCLTECH FUTURE ABOVE 827
TARGET 833/842 SL 815
SELL HCLTECH FUTURE BELOW 824
 TARGET 818/809 SL 836

Today market remain in the red with bank & financials as top drags as investors' risk appetite is hit by concerns over rising covid-19 cases. Sensex closed 300 points lower at 37734 while nifty ended at 11153 with a loss of 97 points.it and telecom are among the sectors that have attracted investors' attention in the times of covid-19 as both sectors offer bright prospects of growth while the world's dependence on technology increases.

 In IT player hcl technologies jumped 41% today while the  nifty was 7% down. This week hcl tech after opening at 790.05 stock touched high of 849.25 & low of 782.20. Hcl technologies is planning to double headcount in smaller towns, including fresh hires and relocation of existing employees over a two-three year period.hcl tech’s earlier revenue growth guidance of 2% on average for the remaining quarters of fy21  implied a revenue decline in the range of 0.8-2.3 % for the year.this is a very positive signal, especially in the current economic climate and indicates strong recovery.
We expect hcl tech to better navigate the current crisis and emerge stronger due to an expected increase in enterprise demand for digital services. Our confidence partly stems from the company’s historical track record of adapting to multiple business challenges and technology change cycles.