Expect Nifty to hit new highs for next 2-3 weeks: Rohit Srivastava

I do think IT is playing a big catch up, given that global IT stocks have already done well. The Indian IT stocks were lagging behind for a long time. So that is getting priced in. If I simply look at the IT Index, it looks like heading towards 48,000-49,000 in the coming week, so possibly got a long way to go.