“Anand James suggests that the Nifty IT index, after seven consecutive weeks in the red, has increased odds for a short-term pullback rally towards 31200-31700, provided the key support zone of 29500-30000 holds. This outlook is supported by historical precedents of sharp rebounds after extended declines, cooling downside momentum, and weekly reversal setups observed in several index majors.”

Anand James’s track record: 14 graded calls · 95% CI 12–55%