TCS is looking good at current levels. For intraday trading, the stock can be bought around Rs 1040 – 1055. The stop loss for day traders is Rs 1030. The stock may touch Rs 1065 – 1075 in today’s trading session.

Technology major TCS gained over 2% in last trading session. The stock has touched a 52-week high of Rs 1388 and a low of Rs 926.

At a P/E of 24, TCS is among top companies in Technology sector which look under-valued. The technology sector has lost steam as the US dollar value declined compared to Indian currency. Some major companies like Satyam, Wipro, Infosys are expected to show good performance in coming quarters.

Technical Analyst Sudarshan Sukhani believes that TCS is better for long term investment compared to Infosys.