IT sector continues to remain in focus for technical analyst Nilesh Jain, who is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking has recommended certain stocks on previous occasions including large caps like Tata Consultancy Limited (TCS) Infosys Limited and HCL Technologies. He brings three more stocks for investors for short term to positional term gains. 

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On Wednesday, the Nifty IT index ended with a positive bias, though almost flat. It closed at 36,660.90, up almost 17 points from the Tuesday closing price. In the 10-share index, six stocks advanced while 4 stocks declined.  

The biggest gainer is L&T Technology Services Limited (LTTS) which was up 5.5 per cent from the last closing price. Coforge Limited and Larsen & Toubro Infotech Limited (LTI) were the other two top gainers with gains of 1.8 per cent and 1.3 per cent respectively. 

Meanwhile, big guns like HCL Technologies Limited, TCS were the top two losers followed by MphasiS Limited. They lost 1.1 per cent, 1 per cent and 0.24 per cent respectively. 

The index is all set for a breakout from a from a falling channel pattern and a major hurdle around 37,000, Jain said. The index is poised for an upside.  

LTI: Buy| LTP: Rs 7384| Target: Rs 7800/8000| Stop Loss: Rs 7200| Upside 8% 

LTI shares today hit a 52-week high today at Rs 7564.95 and the stock settled at Rs 7384.10. The stock is well poised for an upside from the current levels. Buy on decline is recommended. The stock is moving in an unchartered territory and the MACD buy crossover indicates a comfort level for it, the AVP said.   

LTTS: Buy| LTP: Rs 5664| Target: Rs 6000| Stop Loss: Rs 5400| Upside 6% 

The LTTS shares were also up 5.5 per cent or Rs 297 at the time of closing on Wednesday. It hit its 52-week high of Rs 5774 on the intraday basis. The stock has emerged from a 1-month consolidation phase. Buying at current levels and on decline is advised. The stock has been witnessing a strong momentum over the last one month barring a couple of occasions.  

Tech Mahindra: Buy| LTP: Rs 1619| Target: Rs 1750/1800| Stop Loss: Rs 1500| Upside 11% 

 Tech Mahindra shares ended up 1.2 per cent at Rs 1619.50 on the NSE on Wednesday. It is trading near its 52-week high of Rs 1630 which it hit on 26 October. The stock is placed well on the technical charts and the current levels indicate an MACD and RSI buy crossover which suggests a trend reversal from lower levels.