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“Rupak De maintains a cautious outlook on the Nifty IT index, noting a highly volatile and uneven uptrend, a false breakout, and a sharp correction after breaking below its rising trendline support at 35,400. He highlights a hidden bearish divergence on the weekly RSI, indicating weakening underlying momentum for the sector.”
Rupak De’s track record: 27 graded calls · 95% CI 34–69%
Nifty 50BearishCalled 15 Feb 2026Graded 19 Jul 2026
Nifty 50 moved from ₹25682.75 to ₹23777.80, a decrease of 7.42% in 30 days, which contradicts the BEARISH outlook for the Nifty IT index, as the Nifty 50 is a broader market index and the IT index would likely follow a similar trend.
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