“Anshul Jain of Lakshmishree holds a bearish view on the Nifty IT Index, noting its weak broader technical structure, persistent relative underperformance, and negative long-term momentum indicators. While acknowledging the possibility of a short-term relief rally as the index approaches a crucial long-term support zone near 26,189 (its lowest in nearly four years), he believes the overall trend remains weak.”

Anshul Jain’s track record: 3 graded calls · 95% CI 6–79%