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F&O Talk: Nifty IT gaining strong momentum, says Sudeep Shah; outlines HDFC Bank, ICICI Bank strategy after Q1
The Nifty IT index has rebounded nearly 13.5% from its July 1 low and gained around 5% this week, signalling improving momentum. Technical indicators, including the RSI, MACD and Relative Rotation Graph (RRG), point to strengthening bullish sentiment. The 29,600–29,650 zone is the key resistance, while 28,500–28,550 is expected to act as immediate support.
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thehindu.com
Nifty, Sensex climb in early trade led by IT stocks
Benchmark indices Sensex and Nifty rise in early trade, driven by IT stocks amid positive U.S. market signals.
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thehindubusinessline.com
IT stocks prop up Nifty at midday; SBI Life, Eternal lead losers
Stock market today: Sensex rises over 200 points and Nifty holds above 24,100 as IT stocks lead gains while banking shares lag amid market consolidation.
