Nifty IT can have a great year 2022, another 20-25 percent of upside for the Nifty IT index in itself, said JC Parets, All Star Charts in an interview to CNBC-TV18.
There is 40-45 percent upside in Tata Consultancy Services (TCS). If TCS is above Rs 3,500 per share, one can own it. He believes it can go to Rs 5,000.
According to him, the only way to make sure you own the strongest stocks is to buy the strongest stocks. IT stocks are the strongest stocks. One can pick and choose some other areas - Bank Nifty doesn't look too bad, particularly compared to the rest of the globe, but it doesn't look as strong as IT, he said.
For the full interview, watch the accompanying video.
First Published: Jan 4, 2022 2:05 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Stampede-like situation disrupts Rahul Gandhi, Akhilesh Yadav's joint rally in Uttar Pradesh
May 19, 2024 4:26 PM
Ladakh Lok Sabha election: With Independent candidate's entry, it's now a 3-way contest for BJP and Congress
May 19, 2024 4:01 PM