7-5-2014 - HCLTECH

            HCLTECH has given a close of 1330.65, a decisive close with a strong red down decision bar. The pattern is really scary. Only thing we have to watch is the continuation of the down trend with a breach of today’s low of 1326.30. One can open

a short position and can expect the targets like 1285 and 1250. A strict Stop Loss must be maintained at 1375.