Sanjiv Bhasin says markets are all about fine-tuning. IT has proven that whatever seems infeasible becomes feasible over time. Wipro and HCL Tech have led from the front, causing shorts to get squeezed. Wipro’s stock is expected to reach at least Rs 550. The index is expected to reach 22,000, but stock selection is crucial. State Bank and other stocks like Indigo, Ashok Leyland, and ABSL AMC are value buys. It is better to stay with reasonably valued stocks like Reliance, SBI, ICICI, and IT.
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