I.T. Stocks Outlook: Nifty I.T. Targets 35,500 As TCS, HCL Tech And Tech Mahindra Show Strength

The Nifty I.T. index has staged a strong breakout above the 32,000 - 32,100 levels after facing repeated resistance over the past few months. Following a sharp rally, I.T. stocks are witnessing some profit booking, but the technical outlook remains positive. Aditya Agarwal, Head of Investment, Coheron Wealth, expects the Nifty I.T. index to move towards 35,000–35,500 over the next few weeks, indicating potential upside of around 10%. TCS, HCL Technologies and Tech Mahindra are among the stocks showing strength and emerging as key picks from the I.T. sector.