“Bullish on Nifty IT for a near-term pullback towards 29,300-30,200, as the sector is technically oversold, trading near its 50% Fibonacci retracement, with RSI in oversold territory and MACD flattening. Derivative positioning shows fresh longs and short covering, indicating attempts to build a base. However, the broader trend remains vulnerable if the index breaks below 28,450.”

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