“Rajesh Palviya of Axis Securities strongly advises staying out of the IT sector, seeing more pain ahead. Nifty IT has broken the critical 30,000 support and is expected to slide further towards 27,800. He notes largecap and midcap IT stocks are forming lower top, lower bottom patterns, indicating a sustained downtrend.”
Rajesh Palviya’s track record: 10 graded calls · 95% CI 2–40%
Nifty Midcap 50BearishCalled 27 Apr 2026Graded 19 Jul 2026
Nifty Midcap 50 increased from ₹17039.85 to ₹17521.00 (+2.82% in 60d), contrary to the bearish call.
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