“Anand James views the recent uptick in Nifty IT as a technical rebound or 'dead-cat bounce' rather than the start of a sustainable uptrend, as the index trades below key moving averages with a broken H&S structure on the weekly chart, confirming a bearish setup. He believes it is too early to declare a bottom, with rallies vulnerable to selling unless the index decisively moves above 33200-34400. The sector remains in a deep corrective phase, and derivatives data suggests traders are positioning for further downside.”

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