“The risk-reward for Nifty IT is improving, with technical indicators like weekly reversal candles near support, RSI turning up from oversold, and MACD on the verge of a bullish crossover suggesting waning downside momentum and potential trend exhaustion. Derivative data also supports a recovery. A break above 28250 could lead the index towards 28850 in the near term.”

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