Quote on Technical Quote on Nifty IT Index by Anand James, Chief Market Strategist, Geojit Investments Limited

2026-02-25 10:01:26 am | Source: Geojit Investments Ltd

Quote on Technical Quote on Nifty IT Index by Anand James, Chief Market Strategist, Geojit Investments Limited

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Below the Quote on Technical Quotes on Nifty IT Index by Anand James, Chief Market Strategist, Geojit Investments Limited

"Oscillators being oversold, and with some of them showing positive divergence, recovery signs were beginning to be visible in the last few days. However, with today’s slippage, we are below the 13 February’s reaction low of 31422 with momentum indicators favouring further slide. Standard deviation studies point to 29961 as the nearest support below, with further major support seen at 28800 and 27200, in the event of a collapse. Upside reversal level is seen at 30300 intraday, and at 31300 on a closing basis, with further resistance seen at 36200 for the Nifty IT index, which closed at 31550.5 on Monday."

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Quote on Technical Quote on Nifty IT Index by Anand James, Chief Market Strategist, Geojit Investments Limited

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